Playtika's (PLTK) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Playtika's stock receives a "sell (D+)" rating from Weiss Ratings, indicating continued skepticism from analysts.
• Recent analysts' reports show a range of price targets for Playtika, with Wedbush reducing it from $11.50 to $7.00 and UBS lowering theirs from $5.50 to $4.00.
• The company's most recent earnings revealed a miss in EPS estimates, reporting $0.02 compared to the expected $0.15, despite a revenue increase of 11% year-over-year.

Playtika (NASDAQ:PLTK - Get Free Report)'s stock had its "sell (d+)" rating reiterated by stock analysts at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

PLTK has been the topic of several other reports. Wedbush decreased their price target on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th. UBS Group decreased their price target on shares of Playtika from $5.50 to $4.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. Finally, Wall Street Zen raised shares of Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Playtika has a consensus rating of "Hold" and a consensus price target of $6.66.

Playtika Trading Down 1.4%

Shares of Playtika stock opened at $3.54 on Wednesday. Playtika has a 1-year low of $3.37 and a 1-year high of $8.80. The firm's 50-day moving average price is $3.76 and its two-hundred day moving average price is $4.49. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.75, a P/E/G ratio of 1.21 and a beta of 0.86.

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

Hedge Funds Weigh In On Playtika

Several large investors have recently bought and sold shares of PLTK. AQR Capital Management LLC lifted its holdings in Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company's stock valued at $29,630,000 after buying an additional 2,511,228 shares during the period. Acadian Asset Management LLC raised its holdings in Playtika by 366.2% in the first 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 period. Jane Street Group LLC raised its holdings in Playtika by 536.3% in the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company's stock worth $7,003,000 after purchasing an additional 1,141,685 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Playtika by 19.1% in the second quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company's stock worth $17,541,000 after purchasing an additional 595,494 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Playtika by 143.4% in the first quarter. Charles Schwab Investment Management Inc. now owns 719,263 shares of the company's stock worth $3,719,000 after purchasing an additional 423,738 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Company Profile

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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