Playtika (NASDAQ:PLTK) Hits New 1-Year Low – What’s Next?

Playtika Holding Corp. (NASDAQ:PLTK)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $3.31 and last traded at $3.3250, with a volume of 354490 shares changing hands. The stock had previously closed at $3.41.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on PLTK shares. Wall Street Zen cut shares of Playtika from a “buy” rating to a “hold” rating in a research report on Sunday, January 25th. Weiss Ratings raised shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Playtika in a research report on Friday, October 31st. Finally, Loop Capital set a $3.75 target price on Playtika in a research report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Playtika has an average rating of “Hold” and an average price target of $6.00.

Playtika Stock Down 0.6%

The stock has a market cap of $1.24 billion, a P/E ratio of 13.71, a P/E/G ratio of 1.88 and a beta of 0.84. The company’s 50 day moving average price is $3.80 and its two-hundred day moving average price is $3.81.

Institutional Investors Weigh In On Playtika

Institutional investors have recently added to or reduced their stakes in the stock. Kestra Advisory Services LLC bought a new position in Playtika in the fourth quarter worth about $32,000. Headlands Technologies LLC grew its position in shares of Playtika by 12.8% in the 4th quarter. Headlands Technologies LLC now owns 86,348 shares of the company’s stock worth $341,000 after buying an additional 9,804 shares during the last quarter. Ieq Capital LLC raised its stake in shares of Playtika by 161.3% during the 4th quarter. Ieq Capital LLC now owns 276,398 shares of the company’s stock worth $1,092,000 after acquiring an additional 170,621 shares in the last quarter. Martingale Asset Management L P lifted its position in Playtika by 17.1% during the fourth quarter. Martingale Asset Management L P now owns 203,091 shares of the company’s stock valued at $802,000 after acquiring an additional 29,600 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Playtika by 52.5% in the fourth quarter. Wells Fargo & Company MN now owns 62,711 shares of the company’s stock valued at $248,000 after acquiring an additional 21,583 shares in the last quarter. Institutional investors own 11.94% of the company’s stock.

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.