Wedbush Analysts Raise Earnings Estimates for Playtika

Playtika Holding Corp. (NASDAQ:PLTK - Free Report) - Investment analysts at Wedbush increased their Q4 2024 earnings estimates for shares of Playtika in a research report issued to clients and investors on Wednesday, February 26th. Wedbush analyst M. Pachter now expects that the company will post earnings of $0.21 per share for the quarter, up from their previous 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.

Several other brokerages have also recently weighed in on PLTK. Macquarie lowered their price target on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Friday. Robert W. Baird reissued a "neutral" rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday. Baird R W cut shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday. Finally, Roth Mkm boosted their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Six analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $8.21.

Playtika Stock Performance

Shares of PLTK stock traded down $0.42 on Thursday, hitting $5.28. 2,758,423 shares of the stock traded hands, compared to its average volume of 903,657. The firm's 50-day moving average price is $7.02 and its two-hundred day moving average price is $7.55. The stock 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 twelve month low of $5.22 and a twelve month high of $9.15.

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Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 7.58%. Playtika's dividend payout ratio (DPR) is currently 90.91%.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the business's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.54, for a total transaction of $572,459.42. Following the sale, the insider now directly owns 200,554,660 shares in the company, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders have sold 491,921 shares of company stock worth $4,004,775. Company insiders own 4.80% of the company's stock.

Institutional Trading of Playtika

A number of institutional investors and hedge funds have recently bought and sold shares of the business. KBC Group NV increased its stake in Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company's stock worth $62,000 after purchasing an additional 1,266 shares during the period. Covestor Ltd increased its stake in Playtika by 11.4% during the fourth quarter. Covestor Ltd now owns 14,103 shares of the company's stock worth $98,000 after purchasing an additional 1,447 shares during the period. Sterling Capital Management LLC increased its stake in Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after purchasing an additional 1,534 shares during the period. Choreo LLC increased its stake in Playtika by 14.9% during the fourth quarter. Choreo LLC now owns 12,485 shares of the company's stock worth $90,000 after purchasing an additional 1,619 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of Playtika by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock worth $3,726,000 after buying an additional 1,639 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Company Profile

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.