Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts give Playtika an average rating of "Hold" from six firms (1 sell, 4 hold, 1 buy) with an average 12‑month price target of $4.375, and several brokers (Wedbush, Weiss, Goldman, Wall Street Zen) have recently cut ratings or lowered targets.
• In the latest quarter Playtika reported a large EPS miss of ($0.82) vs. $0.14 expected while beating revenue at $678.8M; the company showed a negative net margin (7.49%) and negative ROE (-114.29%).
• The stock opened at $2.74 (market cap ~$1.04B) trading near its 12‑month low of $2.67 (12‑month high $5.59), and institutional ownership is about 11.94% with several small recent inflows.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has earned an average rating of "Hold" from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $4.3750.

PLTK has been the subject of a number of research reports. Wedbush lowered Playtika from an "outperform" rating to a "neutral" rating and set a $3.00 price target for the company. in a report on Monday, March 2nd. Weiss Ratings downgraded Playtika from a "hold (c-)" rating to a "sell (d)" rating in a report on Monday, March 2nd. The Goldman Sachs Group decreased their target price on Playtika from $4.75 to $4.25 and set a "neutral" rating for the company in a research report on Monday, March 2nd. Wall Street Zen cut Playtika from a "buy" rating to a "hold" rating in a report on Sunday, January 25th. Finally, Citigroup dropped their price target on Playtika from $7.00 to $5.50 and set a "buy" rating on the stock in a research report on Friday, February 20th.

Playtika Trading Down 1.4%

NASDAQ PLTK opened at $2.74 on Thursday. The stock has a market cap of $1.04 billion, a PE ratio of -5.07 and a beta of 0.88. Playtika has a 12 month low of $2.67 and a 12 month high of $5.59. The company's 50-day moving average price is $3.16 and its 200-day moving average price is $3.60.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings data on Thursday, February 26th. The company reported ($0.82) earnings per share for the quarter, missing analysts' consensus estimates of $0.14 by ($0.96). The company had revenue of $678.80 million for the quarter, compared to the consensus estimate of $660.32 million. Playtika had a negative net margin of 7.49% and a negative return on equity of 114.29%. The company's quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts forecast that Playtika will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTK. Ameritas Investment Partners Inc. bought a new stake in shares of Playtika in the 2nd quarter valued at about $27,000. Kestra Advisory Services LLC bought a new position in shares of Playtika during the fourth quarter valued at approximately $32,000. Signaturefd LLC increased its holdings in Playtika by 129.8% during the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company's stock valued at $36,000 after buying an additional 5,147 shares during the period. Comerica Bank increased its holdings in Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company's stock valued at $36,000 after buying an additional 6,704 shares during the period. Finally, Jackson Thornton Wealth Management LLC bought a new position in Playtika in the third quarter worth approximately $38,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Company Profile

Playtika Ltd. NASDAQ: PLTK is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika's platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company's diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.

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