Wedbush upgraded shares of Playtika (NASDAQ:PLTK - Free Report) to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports. Wedbush also issued estimates for Playtika's Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.52 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.18 EPS, Q4 2026 earnings at $0.20 EPS, FY2026 earnings at $0.71 EPS and FY2027 earnings at $0.73 EPS.
Other equities research analysts have also issued reports about the stock. Citigroup lowered their price target on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and upped their price objective for the company from $6.00 to $6.50 in a research report on Wednesday, March 26th. Finally, Morgan Stanley lowered their target price on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research note on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Playtika has a consensus rating of "Moderate Buy" and an average target price of $7.68.
View Our Latest Research Report on PLTK
Playtika Trading Down 0.7%
Shares of Playtika stock traded down $0.04 during trading hours on Tuesday, reaching $4.97. The stock had a trading volume of 738,080 shares, compared to its average volume of 1,240,169. The firm has a market capitalization of $1.86 billion, a price-to-earnings ratio of 13.07, a P/E/G ratio of 1.32 and a beta of 0.85. Playtika has a 1 year low of $3.97 and a 1 year high of $8.80. The firm has a 50 day simple moving average of $4.88 and a two-hundred day simple moving average of $5.65.
Playtika (NASDAQ:PLTK - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.11 by ($0.02). The company had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. Playtika had a net margin of 5.37% and a negative return on equity of 149.09%. Playtika's quarterly revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Sell-side analysts forecast that Playtika will post 0.65 EPS for the current year.
Playtika Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 8.06%. Playtika's payout ratio is 105.26%.
Insider Buying and Selling
In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total transaction of $1,828,549.10. Following the transaction, the insider owned 199,510,511 shares of the company's stock, valued at $937,699,401.70. This trade represents a 0.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 739,922 shares of company stock valued at $3,548,194 in the last three months. 4.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Playtika
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of Playtika by 4.0% during the 1st quarter. Vanguard Group Inc. now owns 3,610,729 shares of the company's stock valued at $18,667,000 after buying an additional 137,482 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in Playtika by 6.4% in the first quarter. The Manufacturers Life Insurance Company now owns 3,113,062 shares of the company's stock valued at $16,095,000 after acquiring an additional 186,208 shares during the period. The Manufacturers Life Insurance Company grew its holdings in shares of Playtika by 9.0% during the fourth quarter. The Manufacturers Life Insurance Company now owns 2,926,854 shares of the company's stock valued at $20,312,000 after purchasing an additional 241,658 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in shares of Playtika by 61.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock worth $20,290,000 after purchasing an additional 1,109,594 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Playtika by 366.2% in the 1st quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company's stock worth $7,989,000 after purchasing an additional 1,215,843 shares during the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.
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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