Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Analysts at Wedbush upped their FY2024 earnings estimates for Playtika in a report released on Wednesday, February 26th. Wedbush analyst M. Pachter now expects that the company will earn $0.69 per share for the year, up from their prior forecast of $0.67. 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 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.
Several other analysts also recently commented on the stock. Macquarie decreased their target price on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Robert W. Baird reissued a "neutral" rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday. Finally, Baird R W downgraded shares of Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.21.
Read Our Latest Research Report on Playtika
Playtika Stock Performance
Shares of NASDAQ PLTK traded up $0.05 during trading hours on Friday, hitting $5.14. The stock had a trading volume of 1,670,585 shares, compared to its average volume of 962,185. The firm's 50-day moving average price is $6.99 and its two-hundred day moving average price is $7.54. Playtika has a 52 week low of $4.96 and a 52 week high of $9.15. The company has a market capitalization of $1.91 billion, a P/E ratio of 8.85, a P/E/G ratio of 1.69 and a beta of 0.92.
Playtika Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.79%. The ex-dividend date is Friday, March 21st. Playtika's dividend payout ratio is currently 90.91%.
Insider Buying and Selling
In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider now owns 200,554,660 shares in the company, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.80% of the stock is owned by company insiders.
Institutional Investors Weigh In On Playtika
Several institutional investors and hedge funds have recently made changes to their positions in PLTK. Sterling Capital Management LLC grew its position in 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 during the last quarter. GAMMA Investing LLC lifted its position in 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 buying an additional 2,910 shares in the last quarter. Versant Capital Management Inc grew its holdings in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock worth $41,000 after acquiring an additional 3,496 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Playtika in the 3rd quarter valued at about $56,000. Finally, R Squared Ltd bought a new stake in shares of Playtika during the fourth quarter valued at approximately $57,000. Institutional investors and hedge funds own 11.94% of the company's stock.
Playtika Company Profile
(
Get Free Report)
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.
Featured Articles
Before you consider Playtika, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Playtika wasn't on the list.
While Playtika currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
