Wedbush Analysts Increase Earnings Estimates for Playtika

Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Research analysts at Wedbush raised their Q1 2025 EPS estimates for shares of Playtika in a research report issued to clients and investors on Thursday, November 7th. Wedbush analyst M. Pachter now expects that the company will earn $0.18 per share for the quarter, up from their previous estimate of $0.17. Wedbush has a "Outperform" rating and a $11.50 price target on the stock. The consensus estimate for Playtika's current full-year earnings is $0.71 per share. Wedbush also issued estimates for Playtika's FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS and Q2 2026 earnings at $0.20 EPS.

PLTK has been the subject of several other reports. Morgan Stanley boosted their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an "equal weight" rating in a research report on Tuesday, July 23rd. Macquarie reiterated a "neutral" rating and issued a $7.00 price target on shares of Playtika in a report on Friday. Finally, Roth Mkm raised their price objective on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $9.18.

Playtika Trading Up 1.2 %

Shares of PLTK traded up $0.10 during trading hours on Monday, reaching $8.41. 767,082 shares of the company traded hands, compared to its average volume of 863,516. The stock's fifty day moving average price is $7.71 and its 200 day moving average price is $7.82. The firm has a market cap of $3.13 billion, a price-to-earnings ratio of 14.45, a PEG ratio of 1.72 and a beta of 0.85. Playtika has a 12-month low of $6.25 and a 12-month high of $9.23.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). The business had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. Playtika had a negative return on equity of 129.21% and a net margin of 8.52%. Playtika's revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 earnings per share.

Hedge Funds Weigh In On Playtika

Institutional investors and hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Playtika in the 2nd quarter worth approximately $31,000. Versant Capital Management Inc acquired a new stake in shares of Playtika during the second quarter worth $36,000. Acadian Asset Management LLC purchased a new stake in shares of Playtika during the second quarter valued at $43,000. Headlands Technologies LLC increased its position in shares of Playtika by 648.8% in the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company's stock valued at $53,000 after acquiring an additional 5,794 shares during the period. Finally, KBC Group NV raised its stake in Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company's stock worth $62,000 after acquiring an additional 1,266 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date of this dividend is Friday, December 20th. Playtika's dividend payout ratio is currently 68.97%.

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.