Playtika (NASDAQ:PLTK) Stock Rating Upgraded by Wedbush

Wedbush upgraded shares of Playtika (NASDAQ:PLTK - Free Report) to a strong-buy rating in a report published on Tuesday,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.

Several other equities analysts have also recently weighed in on the company. Bank of America raised Playtika from an "underperform" rating to a "buy" rating and boosted their price objective for the stock from $6.00 to $6.50 in a research report on Wednesday, March 26th. Morgan Stanley cut their price objective on Playtika from $7.25 to $5.75 and set an "equal weight" rating for the company in a research report on Thursday, April 17th. Finally, Citigroup cut their price target on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a report on Friday, March 7th. 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, the company has an average rating of "Moderate Buy" and a consensus price target of $7.68.

Playtika Stock Performance

Shares of PLTK traded down $0.04 during trading hours on Tuesday, hitting $4.97. 738,080 shares of the company were exchanged, compared to its average volume of 1,240,169. The company has a market cap of $1.86 billion, a PE ratio of 10.78, a PEG ratio of 1.32 and a beta of 0.85. The firm's 50 day moving average is $4.88 and its 200-day moving average is $5.67. Playtika has a 52 week low of $3.97 and a 52 week high of $8.80.

Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $706.00 million for the quarter, compared to the consensus estimate of $699.67 million. Playtika had a negative return on equity of 149.09% and a net margin of 5.37%. The business's revenue was up 8.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 EPS. As a group, equities analysts forecast that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 23rd will be issued a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 annualized dividend and a yield of 8.06%. Playtika's dividend payout ratio (DPR) is 105.26%.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total value of $1,828,549.10. Following the completion of the transaction, the insider owned 199,510,511 shares of the company's stock, valued at $937,699,401.70. This represents a 0.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders sold 739,922 shares of company stock valued at $3,548,194. Corporate insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Playtika

Hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC raised its holdings in shares of Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after buying an additional 1,534 shares in the last quarter. Allworth Financial LP raised its holdings in shares of Playtika by 117.1% in 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 in the last quarter. Quarry LP bought a new stake in Playtika during the 1st quarter worth approximately $29,000. US Bancorp DE grew its position in Playtika by 280.9% during the 1st quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after acquiring an additional 4,946 shares during the last quarter. Finally, Brooklyn Investment Group grew its position in Playtika by 15,890.5% during the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after acquiring an additional 6,674 shares during the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

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.