Playtika (NASDAQ:PLTK) Earns “Sell (D+)” Rating from Weiss Ratings

Playtika (NASDAQ:PLTK)‘s stock had its “sell (d+)” rating restated by Weiss Ratings in a note issued to investors on Saturday,Weiss Ratings reports.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen raised shares of Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, August 9th. UBS Group dropped their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research note on Thursday, September 11th. Finally, Wedbush decreased their price target on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research report on Friday, August 8th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $6.66.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $3.67 on Friday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.24 and a beta of 0.86. The firm has a 50 day simple moving average of $3.65 and a 200 day simple moving average of $4.37. Playtika has a one year low of $3.31 and a one year high of $8.80.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $696.00 million during the quarter, compared to the consensus estimate of $706.03 million. Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. Playtika’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.23 EPS. Playtika has set its FY 2025 guidance at EPS. As a group, analysts expect that Playtika will post 0.65 EPS for the current year.

Institutional Investors Weigh In On Playtika

Large investors have recently modified their holdings of the company. Allworth Financial LP increased its position in shares of Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after buying an additional 2,695 shares during the period. Quarry LP acquired a new stake in shares of Playtika during the first quarter worth $29,000. Ameritas Investment Partners Inc. acquired a new stake in shares of Playtika during the second quarter worth $27,000. US Bancorp DE increased its position in shares of Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after buying an additional 4,946 shares during the period. Finally, Brooklyn Investment Group increased its position in shares of Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock worth $35,000 after buying an additional 6,674 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.