Playtika (NASDAQ:PLTK) Releases Quarterly Earnings Results

Playtika (NASDAQ:PLTK - Get Free Report) released its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.15), Zacks reports. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $650.30 million for the quarter, compared to the consensus estimate of $631.02 million. Playtika updated its FY 2025 guidance to EPS.

Playtika Stock Performance

Shares of NASDAQ:PLTK traded down $0.19 during trading on Monday, reaching $5.09. The stock had a trading volume of 2,660,819 shares, compared to its average volume of 947,581. The business has a fifty day moving average price of $6.99 and a 200-day moving average price of $7.54. The stock has a market cap of $1.90 billion, a PE ratio of 8.78, a PEG ratio of 1.69 and a beta of 0.92. Playtika has a 1-year low of $5.07 and a 1-year high of $9.15.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.86%. The ex-dividend date of this dividend is Friday, March 21st. Playtika's dividend payout ratio is presently 90.91%.

Analysts Set New Price Targets

PLTK has been the subject of a number of research reports. Baird R W downgraded Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday. Wedbush reaffirmed an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research report on Wednesday, February 26th. Roth Mkm raised their price target on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Macquarie decreased their target price on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 target price (down previously from $9.00) on shares of Playtika in a report on Friday. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, Playtika presently has an average rating of "Hold" and a consensus price target of $8.21.

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Insiders Place Their Bets

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the business's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the transaction, the insider now owns 200,554,660 shares of the company's stock, valued at approximately $1,512,182,136.40. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.80% of the stock is currently owned by corporate insiders.

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.