Wedbush Cuts Playtika (NASDAQ:PLTK) Price Target to $7.00

Playtika (NASDAQ:PLTK) had its price target trimmed by Wedbush from $11.50 to $7.00 in a research note published on Friday,Benzinga reports. The brokerage currently has an outperform rating on the stock. Wedbush also issued estimates for Playtika’s Q3 2025 earnings at $0.13 EPS, Q4 2025 earnings at $0.12 EPS, Q1 2026 earnings at $0.08 EPS, Q2 2026 earnings at $0.11 EPS, Q3 2026 earnings at $0.14 EPS, Q4 2026 earnings at $0.17 EPS and FY2027 earnings at $0.60 EPS.

Separately, Morgan Stanley reduced their price target on Playtika from $7.25 to $5.75 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Playtika presently has an average rating of “Hold” and a consensus price target of $7.04.

Playtika Price Performance

PLTK stock opened at $3.80 on Friday. The business has a 50-day moving average of $4.67 and a 200-day moving average of $5.23. Playtika has a fifty-two week low of $3.66 and a fifty-two week high of $8.80. The stock has a market capitalization of $1.43 billion, a P/E ratio of 15.83, a P/E/G ratio of 1.02 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued its quarterly 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 net margin of 3.23% and a negative return on equity of 78.88%. The company had revenue of $696.00 million for the quarter, compared to analyst estimates of $706.03 million. During the same period last year, the company posted $0.23 earnings per share. The business’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities analysts expect that Playtika will post 0.65 EPS for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be paid a $0.10 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.40 annualized dividend and a yield of 10.5%. Playtika’s dividend payout ratio is currently 166.67%.

Insider Transactions at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of the company’s stock in a transaction that occurred on Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the sale, the insider owned 199,359,642 shares in the company, valued at $950,945,492.34. This represents a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 739,922 shares of company stock valued at $3,548,194 in the last 90 days. 5.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Playtika

A number of large investors have recently made changes to their positions in PLTK. Allworth Financial LP increased its stake in shares of Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after purchasing an additional 2,695 shares during the period. Sterling Capital Management LLC increased its stake in shares of Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after purchasing an additional 1,534 shares during the period. Quarry LP bought a new position in shares of Playtika during the first quarter worth approximately $29,000. US Bancorp DE increased its stake in shares of Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after purchasing an additional 4,946 shares during the period. Finally, Brooklyn Investment Group increased its stake in shares of Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock worth $35,000 after purchasing an additional 6,674 shares during the period. Institutional investors own 11.94% 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.