Wedbush Issues Negative Estimate for Playtika Earnings

Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Analysts at Wedbush dropped their Q1 2025 earnings estimates for Playtika in a report released on Friday, May 2nd. Wedbush analyst M. Pachter now anticipates that the company will earn $0.14 per share for the quarter, down from their prior forecast of $0.16. Wedbush currently has a "Outperform" rating and a $11.50 target price on the stock. The consensus estimate for Playtika's current full-year earnings is $0.65 per share.

A number of other brokerages also recently weighed in on PLTK. Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Citigroup cut their target price on shares of Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research note on Friday, March 7th. Macquarie decreased their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Friday, February 28th. Robert W. Baird reiterated a "neutral" rating and set a $6.00 price target (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Finally, Bank of America raised shares of Playtika from an "underperform" rating to a "buy" rating and raised their target price for the stock from $6.00 to $6.50 in a research note on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $7.78.

Playtika Trading Up 2.7 %

PLTK traded up $0.15 during midday trading on Monday, hitting $5.43. 2,507,313 shares of the company were exchanged, compared to its average volume of 1,763,554. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 9.35, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91. The company's 50 day simple moving average is $4.96 and its 200 day simple moving average is $6.66. Playtika has a 1-year low of $3.97 and a 1-year high of $9.15.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently bought and sold shares of PLTK. Allworth Financial LP increased its stake in shares of Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after buying an additional 2,695 shares during the period. Sterling Capital Management LLC grew its holdings in Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after acquiring an additional 1,534 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock valued at $34,000 after purchasing an additional 2,910 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock valued at $41,000 after purchasing an additional 3,496 shares in the last quarter. Finally, R Squared Ltd purchased a new stake in shares of Playtika during the 4th quarter worth $57,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 21st were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 7.37%. Playtika's payout ratio is 90.91%.

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.