Playtika’s (PLTK) “Outperform” Rating Reaffirmed at Wedbush

Wedbush restated their outperform rating on shares of Playtika (NASDAQ:PLTK) in a research report sent to investors on Friday,RTT News reports. They currently have a $7.00 target price on the stock.

Other research analysts have also recently issued reports about the company. Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. UBS Group lowered their price objective on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Playtika in a research report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus target price of $6.66.

Playtika Price Performance

PLTK opened at $3.67 on Friday. Playtika has a 12 month low of $3.31 and a 12 month high of $8.80. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.25 and a beta of 0.86. The business has a fifty day moving average price of $3.65 and a 200 day moving average price of $4.33.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.13). Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The company had revenue of $696.00 million for the quarter, compared to analyst estimates of $706.03 million. During the same period in the previous year, the firm earned $0.23 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. On average, research analysts anticipate that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 10th. Stockholders of record on Friday, September 26th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 10.9%. The ex-dividend date of this dividend was Friday, September 26th. Playtika’s payout ratio is presently 166.67%.

Institutional Trading of Playtika

Several institutional investors and hedge funds have recently made changes to their positions in PLTK. Allworth Financial LP lifted its holdings in shares of Playtika by 117.1% in the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after purchasing an additional 2,695 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Playtika in the 2nd quarter valued at about $27,000. Quarry LP purchased a new stake in shares of Playtika in the 1st quarter valued at about $29,000. US Bancorp DE lifted its holdings in shares of Playtika by 280.9% in the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after purchasing an additional 4,946 shares during the last quarter. Finally, Brooklyn Investment Group lifted its holdings in shares of Playtika by 15,890.5% in the 1st quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after purchasing an additional 6,674 shares during the last quarter. 11.94% of the stock is 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.