Wedbush Has Lowered Expectations for Playtika (NASDAQ:PLTK) Stock Price

Key Points

• Wedbush has lowered its price target for Playtika's stock from $11.50 to $7.00 while maintaining an "outperform" rating, indicating potential upside from the current price.
• Morgan Stanley has also reduced its price target for Playtika shares from $7.25 to $5.75, stating an "equal weight" rating, with the current consensus price target at $7.04.
• In recent trading, Playtika's stock was down to $3.87, a significant decline from its 12-month high of $8.80, reflecting decreased investor confidence following less than favorable earnings reports.

Playtika (NASDAQ:PLTK - Get Free Report) had its price target reduced by Wedbush from $11.50 to $7.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Wedbush's price target would suggest a potential upside of 86.42% from the stock's previous close. Wedbush also issued estimates for Playtika's Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.12 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.11 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.17 EPS and FY2027 earnings at $0.60 EPS.

Separately, Morgan Stanley cut their price target on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $7.04.

Playtika Trading Down 0.7%

PLTK stock traded down $0.03 during trading on Friday, hitting $3.76. The company had a trading volume of 157,424 shares, compared to its average volume of 1,687,152. The business has a 50-day moving average of $4.65 and a 200-day moving average of $5.21. Playtika has a one year low of $3.65 and a one year high of $8.80. The stock has a market cap of $1.41 billion, a PE ratio of 15.61, a PEG ratio of 1.02 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its 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). The company had revenue of $696.00 million during the quarter, compared to the consensus estimate of $706.03 million. Playtika had a net margin of 3.23% and a negative return on equity of 78.88%. The business's revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.23 earnings per share. Research analysts forecast that Playtika will post 0.65 EPS for the current year.

Insider Buying and Selling at Playtika

In other 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 transaction of $1,828,549.10. Following the transaction, the insider directly owned 199,510,511 shares of the company's stock, valued at $937,699,401.70. This represents a 0.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 739,922 shares of company stock worth $3,548,194 over the last quarter. 4.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Playtika

A number of institutional investors have recently modified their holdings of PLTK. Alliancebernstein L.P. raised its position in shares of Playtika by 13.0% during the fourth quarter. Alliancebernstein L.P. now owns 94,336 shares of the company's stock worth $655,000 after purchasing an additional 10,873 shares during the period. Franklin Resources Inc. raised its position in shares of Playtika by 109.1% during the fourth quarter. Franklin Resources Inc. now owns 126,671 shares of the company's stock worth $879,000 after purchasing an additional 66,084 shares during the period. National Bank of Canada FI acquired a new position in shares of Playtika during the fourth quarter worth approximately $191,000. ExodusPoint Capital Management LP acquired a new position in shares of Playtika during the fourth quarter worth approximately $601,000. Finally, Russell Investments Group Ltd. raised its position in shares of Playtika by 43.4% during the fourth quarter. Russell Investments Group Ltd. now owns 260,040 shares of the company's stock worth $1,812,000 after purchasing an additional 78,716 shares during the period. 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.