Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $4.00

Playtika Holding Corp. (NASDAQ:PLTK) has been given an average recommendation of “Hold” by the seven analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $4.00.

A number of research firms recently issued reports on PLTK. The Goldman Sachs Group lowered their price target on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Roth Mkm raised their price target on Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. TD Cowen reissued a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Playtika in a report on Friday, May 29th. Finally, Wedbush lowered Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a report on Monday, March 2nd.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently added to or reduced their stakes in PLTK. AQR Capital Management LLC lifted its position in Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after purchasing an additional 2,511,228 shares during the period. Jane Street Group LLC lifted its position in Playtika by 536.3% in the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock valued at $7,003,000 after purchasing an additional 1,141,685 shares during the period. Denali Advisors LLC acquired a new stake in Playtika in the third quarter valued at about $3,004,000. Arrowstreet Capital Limited Partnership lifted its position in Playtika by 20.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock valued at $15,455,000 after purchasing an additional 679,564 shares during the period. Finally, Qube Research & Technologies Ltd lifted its position in Playtika by 217.8% in the third quarter. Qube Research & Technologies Ltd now owns 920,552 shares of the company’s stock valued at $3,581,000 after purchasing an additional 630,884 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Price Performance

NASDAQ PLTK opened at $3.49 on Tuesday. Playtika has a 52-week low of $2.64 and a 52-week high of $5.05. The business’s 50-day moving average price is $3.44 and its 200 day moving average price is $3.47. The firm has a market cap of $1.33 billion, a P/E ratio of -4.53 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.The company had revenue of $744.70 million for the quarter, compared to analysts’ expectations of $694.69 million. During the same period in the prior year, the business earned $0.08 EPS. The business’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Playtika will post 0.64 earnings per share for the current year.

Playtika Company Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.