33,000 Shares in Playtika Holding Corp. $PLTK Purchased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC purchased a new position in shares of Playtika Holding Corp. (NASDAQ:PLTK) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 33,000 shares of the company’s stock, valued at approximately $159,000.

Other large investors have also recently added to or reduced their stakes in the company. Allworth Financial LP raised its holdings in 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 in the last quarter. Quarry LP purchased a new position in Playtika during the first quarter worth about $29,000. US Bancorp DE grew its stake in shares of Playtika by 280.9% during the 1st 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. Brooklyn Investment Group grew its stake in shares of Playtika by 15,890.5% during the 1st 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. Finally, CreativeOne Wealth LLC purchased a new position in shares of Playtika in the 1st quarter valued at about $52,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PLTK has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Wedbush reiterated an “outperform” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, October 31st. Loop Capital set a $3.75 price target on shares of Playtika in a report on Monday. UBS Group cut their price target on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Playtika in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Playtika has an average rating of “Hold” and an average price target of $6.33.

Playtika Trading Down 1.6%

NASDAQ:PLTK opened at $3.65 on Wednesday. The firm has a 50-day moving average price of $3.65 and a two-hundred day moving average price of $4.30. Playtika Holding Corp. has a twelve month low of $3.31 and a twelve month high of $8.80. The company has a market capitalization of $1.37 billion, a P/E ratio of 15.21, a price-to-earnings-growth ratio of 1.25 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share 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 83.90%. The business had revenue of $696.00 million for the quarter, compared to analysts’ expectations of $706.03 million. During the same quarter last year, the business posted $0.23 earnings per share. The business’s revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. On average, equities research analysts predict that Playtika Holding Corp. will post 0.65 earnings per share for the current year.

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.