Playtika (NASDAQ:PLTK) Sets New 12-Month Low - Here's What Happened

Key Points

• Playtika's stock reached a new 12-month low, trading as low as $3.36, indicating continued volatility in its stock price.
• Analysts have a mixed outlook on Playtika, with three ratings classified as "Buy," six as "Hold," and one as "Sell," and the average price target set at $6.66.
• The company reported a miss in earnings for its latest quarter, with EPS of $0.02 compared to an expected $0.15, alongside a 3.23% net margin.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report)'s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $3.36 and last traded at $3.37, with a volume of 1661311 shares. The stock had previously closed at $3.39.

Analysts Set New Price Targets

Several analysts have recently commented on PLTK shares. Wall Street Zen upgraded Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Weiss Ratings reissued a "sell (d+)" rating on shares of Playtika in a report on Wednesday, October 8th. 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. Finally, Wedbush lowered their price target 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. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $6.66.

Playtika Stock Down 0.4%

The company's fifty day moving average is $3.73 and its 200-day moving average is $4.46. The company has a market cap of $1.27 billion, a PE ratio of 14.06, a PEG ratio of 1.14 and a beta of 0.86.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.13). The business had revenue of $696.00 million for the quarter, compared to analysts' expectations of $706.03 million. Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The company's revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Playtika has set its FY 2025 guidance at EPS. Equities research analysts expect that Playtika Holding Corp. will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Friday, September 26th. Playtika's payout ratio is 166.67%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Allworth Financial LP increased its stake in Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company's stock valued at $26,000 after purchasing an additional 2,695 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Playtika during the 2nd quarter valued at approximately $27,000. Quarry LP acquired a new position in Playtika during the 1st quarter valued at approximately $29,000. US Bancorp DE increased its stake in Playtika by 280.9% during the 1st 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 increased its stake in Playtika by 15,890.5% during the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock valued at $35,000 after purchasing an additional 6,674 shares in the last quarter. Institutional investors own 11.94% of the company's stock.

About Playtika

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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