Wedbush Has Positive Estimate for Playtika Q4 Earnings

Playtika Holding Corp. (NASDAQ:PLTK) – Stock analysts at Wedbush boosted their Q4 2024 earnings per share estimates for shares of Playtika in a research note issued to investors on Wednesday, February 26th. Wedbush analyst M. Pachter now forecasts that the company will post earnings per share of $0.21 for the quarter, up from their prior forecast of $0.18. Wedbush has a “Outperform” rating and a $11.50 price objective on the stock. The consensus estimate for Playtika’s current full-year earnings is $0.65 per share.

PLTK has been the subject of several other reports. Roth Mkm boosted their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie restated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Playtika currently has a consensus rating of “Hold” and an average target price of $9.00.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $6.85 on Thursday. Playtika has a 52 week low of $6.25 and a 52 week high of $9.15. The stock’s fifty day moving average is $7.08 and its 200 day moving average is $7.56. The stock has a market capitalization of $2.55 billion, a P/E ratio of 11.81, a PEG ratio of 1.69 and a beta of 0.92.

Hedge Funds Weigh In On Playtika

Several large investors have recently modified their holdings of the business. Sterling Capital Management LLC lifted its stake in shares of Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after purchasing an additional 1,534 shares during the period. GAMMA Investing LLC lifted its stake in Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after buying an additional 3,496 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Playtika during the 3rd quarter worth approximately $56,000. Finally, R Squared Ltd bought a new stake in shares of Playtika in the 4th quarter valued at $57,000. Institutional investors own 11.94% of the company’s stock.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total transaction of $2,381,620.36. Following the sale, the insider now owns 201,000,143 shares in the company, valued at $1,642,171,168.31. The trade was a 0.14 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders sold a total of 491,921 shares of company stock valued at $4,004,775 in the last quarter. Insiders own 4.80% of the company’s stock.

About Playtika

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.