Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $2.26 and last traded at $2.26, with a volume of 2077179 shares. The stock had previously closed at $2.51.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Wedbush upped their target price on Playtika from $3.00 to $4.00 and gave the company a "neutral" rating in a report on Monday, August 3rd. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Playtika in a research note on Friday, May 29th. TD Cowen reiterated a "buy" rating on shares of Playtika in a research report on Tuesday, June 9th. Roth Capital increased their price objective on shares of Playtika from $3.00 to $3.50 and gave the company a "neutral" rating in a research note on Wednesday, May 27th. Finally, The Goldman Sachs Group set a $3.75 target price on shares of Playtika in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Playtika presently has an average rating of "Hold" and an average target price of $4.11.
View Our Latest Report on Playtika
Playtika Trading Down 10.0%
The business has a 50 day moving average of $3.58 and a 200-day moving average of $3.38. The stock has a market cap of $862.01 million, a PE ratio of -3.10 and a beta of 1.09.
Playtika (NASDAQ:PLTK - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). Playtika had a negative net margin of 9.89% and a negative return on equity of 65.82%. The company had revenue of $731.10 million for the quarter, compared to analyst estimates of $713.12 million. During the same quarter last year, the company posted $0.09 EPS. Playtika's quarterly revenue was up 5.0% compared to the same quarter last year. On average, equities research analysts anticipate that Playtika Holding Corp. will post 0.62 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in the company. Independent Financial Group LLC purchased a new position in Playtika in the 1st quarter valued at about $28,000. Kestra Advisory Services LLC purchased a new stake in shares of Playtika during the fourth quarter worth about $32,000. Comerica Bank grew its holdings in shares of Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company's stock worth $36,000 after buying an additional 6,704 shares in the last quarter. Keynote Financial Services LLC purchased a new stake in shares of Playtika during the fourth quarter worth about $41,000. Finally, ProShare Advisors LLC acquired a new position in shares of Playtika in the fourth quarter valued at approximately $41,000. Institutional investors and hedge funds own 11.94% of the company's stock.
About Playtika
(
Get Free Report)
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Before you consider Playtika, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Playtika wasn't on the list.
While Playtika currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we’ll send you MarketBeat’s list of ten stocks set to soar in Summer 2026, despite the threat of tariffs and what's happening in Iran. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
