Playtika (NASDAQ:PLTK) Sets New 12-Month Low – What’s Next?

Playtika Holding Corp. (NASDAQ:PLTK)’s share 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. The stock had previously closed at $3.41.

Wall Street Analysts Forecast Growth

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

Playtika Stock Down 3.2%

The company has a market cap of $1.24 billion, a P/E ratio of 13.75, a price-to-earnings-growth ratio of 2.05 and a beta of 0.84. The stock has a 50 day moving average price of $3.83 and a two-hundred day moving average price of $3.82.

Institutional Investors Weigh In On Playtika

Institutional investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. acquired a new position in shares of Playtika in the second quarter valued at about $27,000. Signaturefd LLC raised its position in Playtika by 129.8% during the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after purchasing an additional 5,147 shares in the last quarter. Comerica Bank raised its holdings in shares of Playtika by 278.9% during the 4th quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after buying an additional 6,704 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in Playtika during the third quarter worth about $38,000. Finally, ProShare Advisors LLC acquired a new position in Playtika during the 4th quarter worth approximately $41,000. Institutional investors own 11.94% of the company’s stock.

About Playtika

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.