Playtika (NASDAQ:PLTK) Stock Rating Lowered by Wall Street Zen

Playtika (NASDAQ:PLTK) was downgraded by research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Sunday.

PLTK has been the topic of a number of other reports. Weiss Ratings raised shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wedbush reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, October 31st. Finally, Loop Capital set a $3.75 price objective on Playtika in a research note on Monday, November 3rd. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $6.00.

Playtika Stock Performance

Shares of PLTK stock opened at $3.56 on Friday. Playtika has a fifty-two week low of $3.31 and a fifty-two week high of $7.58. The stock’s fifty day moving average is $3.94 and its two-hundred day moving average is $3.93. The firm has a market capitalization of $1.34 billion, a P/E ratio of 14.83, a PEG ratio of 2.05 and a beta of 0.84.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 6th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $674.60 million during the quarter, compared to analysts’ expectations of $669.60 million. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share. On average, equities analysts forecast that Playtika will post 0.65 earnings per share for the current year.

Hedge Funds Weigh In On Playtika

Several large investors have recently modified their holdings of the business. Ameritas Investment Partners Inc. purchased a new position in shares of Playtika during the 2nd quarter worth $27,000. Signaturefd LLC lifted its position in Playtika by 129.8% in the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after buying an additional 5,147 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in Playtika during the third quarter worth about $38,000. Orion Porfolio Solutions LLC acquired a new stake in shares of Playtika during the third quarter valued at about $45,000. Finally, NorthCrest Asset Manangement LLC purchased a new stake in shares of Playtika in the 3rd quarter valued at approximately $46,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

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.