Playtika (NASDAQ:PLTK) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Playtika (NASDAQ:PLTK) from a hold rating to a buy rating in a research report released on Saturday.

PLTK has been the subject of a number of other research reports. Roth Capital raised their price objective on Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 27th. TD Cowen restated a “buy” rating on shares of Playtika in a research report on Tuesday, June 9th. The Goldman Sachs Group set a $3.75 target price on Playtika in a research note on Friday. Wedbush raised their target price on Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a research note on Friday, May 29th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $4.11.

Playtika Stock Down 4.8%

PLTK stock opened at $2.80 on Friday. Playtika has a twelve month low of $2.64 and a twelve month high of $4.42. The company has a market cap of $1.07 billion, a PE ratio of -3.84 and a beta of 1.09. The business’s 50-day simple moving average is $3.65 and its 200 day simple moving average is $3.42.

Institutional Investors Weigh In On Playtika

A number of institutional investors have recently added to or reduced their stakes in PLTK. Independent Financial Group LLC bought a new position in shares of Playtika during the 1st quarter worth approximately $28,000. Kestra Advisory Services LLC acquired a new stake in shares of Playtika in the 4th quarter valued at $32,000. Signaturefd LLC grew its holdings in shares of Playtika by 129.8% in the 4th quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock worth $36,000 after purchasing an additional 5,147 shares during the last quarter. Comerica Bank grew its holdings in shares of Playtika by 278.9% in the 4th quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after purchasing an additional 6,704 shares during the last quarter. Finally, ProShare Advisors LLC acquired a new stake in shares of Playtika during the 4th quarter worth about $41,000. 11.94% of the stock is owned by institutional investors and hedge funds.

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.