Wedbush Predicts Playtika’s FY2024 Earnings (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK) – Equities research analysts at Wedbush lifted their FY2024 earnings estimates for Playtika in a research note issued on Wednesday, February 26th. Wedbush analyst M. Pachter now expects that the company will earn $0.69 per share for the year, up from their previous estimate of $0.67. Wedbush currently has a “Outperform” rating and a $11.50 price target on the stock. The consensus estimate for Playtika’s current full-year earnings is $0.65 per share. Wedbush also issued estimates for Playtika’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.23 EPS and FY2026 earnings at $0.84 EPS.

Several other brokerages have also commented on PLTK. Robert W. Baird reaffirmed a “neutral” rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a research report on Friday. Macquarie dropped their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday. Finally, Roth Mkm upped their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and an average price target of $8.21.

Playtika Stock Performance

Shares of PLTK stock opened at $5.28 on Friday. Playtika has a one year low of $5.22 and a one year high of $9.15. The company has a 50 day moving average price of $7.02 and a 200 day moving average price of $7.54. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 9.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 7.58%. The ex-dividend date is Friday, March 21st. Playtika’s payout ratio is 68.97%.

Insider Activity at Playtika

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

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in PLTK. Sterling Capital Management LLC boosted its stake in Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after acquiring an additional 1,534 shares during the last quarter. GAMMA Investing LLC boosted its stake in Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after acquiring an additional 2,910 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Playtika by 148.7% in 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 during the last quarter. Neo Ivy Capital Management bought a new position in shares of Playtika in the 3rd quarter worth about $56,000. Finally, R Squared Ltd bought a new position in shares of Playtika in the 4th quarter worth about $57,000. 11.94% of the stock is currently owned by institutional investors.

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.