Wedbush reissued their outperform rating on shares of Playtika (NASDAQ:PLTK - Free Report) in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a $11.50 target price on the stock. Wedbush also issued estimates for Playtika's Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.69 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.23 EPS and FY2026 earnings at $0.84 EPS.
PLTK has been the subject of a number of other reports. Macquarie reiterated a "neutral" rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Playtika has an average rating of "Hold" and a consensus target price of $8.21.
Read Our Latest Report on PLTK
Playtika Stock Down 7.4 %
Shares of NASDAQ:PLTK traded down $0.42 during trading on Wednesday, reaching $5.28. 2,758,423 shares of the company traded hands, compared to its average volume of 903,657. The company's 50 day moving average is $7.02 and its two-hundred day moving average is $7.55. The firm has a market capitalization of $1.97 billion, a PE ratio of 9.10, a PEG ratio of 1.69 and a beta of 0.92. Playtika has a 52 week low of $5.22 and a 52 week high of $9.15.
Playtika Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be given a dividend of $0.10 per share. The ex-dividend date is Friday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 7.58%. Playtika's dividend payout ratio is currently 90.91%.
Insider Buying and Selling
In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the sale, the insider now owns 200,554,660 shares of the company's stock, valued at approximately $1,512,182,136.40. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 491,921 shares of company stock worth $4,004,775 in the last ninety days. 4.80% of the stock is owned by insiders.
Institutional Investors Weigh In On Playtika
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp increased its stake in shares of Playtika by 314.3% in the fourth quarter. Mackenzie Financial Corp now owns 49,596 shares of the company's stock valued at $344,000 after buying an additional 37,625 shares during the period. Neo Ivy Capital Management grew its stake in Playtika by 756.9% during the fourth quarter. Neo Ivy Capital Management now owns 60,963 shares of the company's stock worth $423,000 after purchasing an additional 53,849 shares during the period. CSS LLC IL grew its stake in Playtika by 78.9% during the fourth quarter. CSS LLC IL now owns 50,233 shares of the company's stock worth $349,000 after purchasing an additional 22,161 shares during the period. Woodline Partners LP grew its stake in Playtika by 41.4% during the fourth quarter. Woodline Partners LP now owns 449,877 shares of the company's stock worth $3,122,000 after purchasing an additional 131,669 shares during the period. Finally, Two Sigma Advisers LP grew its stake in Playtika by 411.3% during the fourth quarter. Two Sigma Advisers LP now owns 58,800 shares of the company's stock worth $408,000 after purchasing an additional 47,300 shares during the period. Institutional investors and hedge funds own 11.94% of the company's stock.
About Playtika
(
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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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