Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $4.10

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given an average rating of “Hold” by the five analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $4.10.

A number of equities research analysts recently commented on the company. Wedbush downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 target price on the stock. in a research report on Monday, March 2nd. Weiss Ratings downgraded Playtika from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 2nd. Citigroup decreased their target price on Playtika from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, February 20th. Finally, The Goldman Sachs Group decreased their target price on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, March 2nd.

Institutional Investors Weigh In On Playtika

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bull Harbor Capital LLC purchased a new stake in Playtika during the first quarter valued at approximately $50,000. Public Employees Retirement System of Ohio raised its position in Playtika by 248.5% during the first quarter. Public Employees Retirement System of Ohio now owns 101,677 shares of the company’s stock valued at $283,000 after purchasing an additional 72,500 shares during the period. Independent Financial Group LLC purchased a new stake in Playtika during the first quarter valued at approximately $28,000. Hsbc Holdings PLC raised its position in Playtika by 242.4% during the first quarter. Hsbc Holdings PLC now owns 83,554 shares of the company’s stock valued at $231,000 after purchasing an additional 59,148 shares during the period. Finally, Impact Partnership Wealth LLC raised its position in Playtika by 28.0% during the first quarter. Impact Partnership Wealth LLC now owns 34,086 shares of the company’s stock valued at $95,000 after purchasing an additional 7,454 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Trading Down 0.9%

NASDAQ:PLTK opened at $3.39 on Friday. The company has a market capitalization of $1.29 billion, a P/E ratio of -4.40 and a beta of 1.08. Playtika has a 12 month low of $2.64 and a 12 month high of $5.05. The business’s 50-day moving average is $3.28 and its 200 day moving average is $3.55.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, May 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The firm had revenue of $744.70 million during the quarter, compared to analysts’ expectations of $694.69 million. Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.Playtika’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.08 earnings per share. On average, research analysts forecast that Playtika will post 0.58 earnings per share for the current year.

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.