Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $3.47 and last traded at $3.46, with a volume of 1407047 shares. The stock had previously closed at $3.59.
Analyst Upgrades and Downgrades
PLTK has been the subject of several recent analyst reports. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Wedbush reduced their price objective on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research note on Friday, August 8th. Finally, UBS Group cut their target price on shares of Playtika from $5.50 to $4.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, Playtika currently has a consensus rating of "Hold" and a consensus price target of $6.66.
Read Our Latest Report on Playtika
Playtika Stock Down 5.2%
The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 14.33, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84. The firm's 50 day moving average is $4.00 and its 200 day moving average is $4.57.
Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The firm had revenue of $696.00 million for the quarter, compared to analysts' expectations of $706.03 million. During the same quarter in the prior year, the business posted $0.23 earnings per share. Playtika's revenue was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. On average, sell-side analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.
Playtika Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a yield of 11.6%. Playtika's dividend payout ratio is currently 166.67%.
Hedge Funds Weigh In On Playtika
A number of large investors have recently bought and sold shares of PLTK. Allworth Financial LP lifted its stake in shares of Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after buying an additional 2,695 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Playtika in the second quarter valued at approximately $27,000. Quarry LP purchased a new stake in Playtika during the 1st quarter worth about $29,000. US Bancorp DE raised its stake in Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock valued at $35,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Brooklyn Investment Group raised its position in Playtika by 15,890.5% in the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after purchasing an additional 6,674 shares during the period. Institutional investors and hedge funds own 11.94% of the company's stock.
Playtika Company Profile
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Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.
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