Wedbush Has Pessimistic Outlook of Playtika Q1 Earnings

Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Equities researchers at Wedbush lowered their Q1 2025 earnings per share estimates for shares of Playtika in a research report issued on Thursday, February 27th. Wedbush analyst M. Pachter now forecasts that the company will earn $0.16 per share for the quarter, down from their prior estimate of $0.18. 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. Wedbush also issued estimates for Playtika's Q2 2025 earnings at $0.15 EPS, Q3 2025 earnings at $0.15 EPS, Q4 2025 earnings at $0.15 EPS, FY2025 earnings at $0.61 EPS, Q1 2026 earnings at $0.16 EPS, Q2 2026 earnings at $0.17 EPS, Q3 2026 earnings at $0.18 EPS, Q4 2026 earnings at $0.20 EPS, FY2026 earnings at $0.72 EPS and FY2027 earnings at $0.74 EPS.

Other equities analysts have also recently issued reports about the company. Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday. Macquarie lowered their target price on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Friday. Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Finally, Robert W. Baird restated a "neutral" rating and set a $6.00 target price (down 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 assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $8.21.

Playtika Stock Performance

Shares of NASDAQ PLTK traded down $0.19 during mid-day trading on Monday, reaching $5.09. 2,660,819 shares of the company's stock were exchanged, compared to its average volume of 947,581. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.78, a PEG ratio of 1.69 and a beta of 0.92. Playtika has a 52-week low of $5.07 and a 52-week high of $9.15. The company's 50-day moving average is $7.02 and its 200-day moving average is $7.55.

Institutional Investors Weigh In On Playtika

Several hedge funds and other institutional investors have recently made changes to their positions in PLTK. Sterling Capital Management LLC raised its position in shares of 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 raised its position in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock worth $34,000 after acquiring an additional 2,910 shares in the last quarter. Versant Capital Management Inc increased its position in Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock worth $41,000 after buying an additional 3,496 shares during the period. Neo Ivy Capital Management acquired a new position in Playtika during the third quarter worth approximately $56,000. Finally, R Squared Ltd acquired a new position in Playtika during the fourth quarter worth approximately $57,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Insider Buying and Selling at Playtika

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

Playtika Announces Dividend

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