Wedbush Comments on Playtika’s Q4 Earnings (NASDAQ:PLTK)

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

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

Playtika Stock Up 0.3 %

PLTK stock opened at $6.85 on Thursday. The stock’s 50 day moving average is $7.08 and its 200-day moving average is $7.56. Playtika has a twelve month low of $6.25 and a twelve month high of $9.15. The firm has a market capitalization of $2.55 billion, a PE ratio of 11.81, a P/E/G ratio of 1.69 and a beta of 0.92.

Institutional Investors Weigh In On Playtika

Hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership grew its holdings in Playtika by 61.2% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company’s stock valued at $20,290,000 after purchasing an additional 1,109,594 shares during the period. Pacer Advisors Inc. grew its stake in shares of Playtika by 8.8% during the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock worth $81,177,000 after acquiring an additional 829,372 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in Playtika by 23,814.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock worth $4,592,000 after acquiring an additional 663,700 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in Playtika in the 4th quarter valued at about $2,402,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in Playtika by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock valued at $21,267,000 after purchasing an additional 326,890 shares during the last quarter. Institutional investors own 11.94% of the company’s stock.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $8.17, for a total value 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. The trade was a 0.14 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 491,921 shares of company stock worth $4,004,775 in the last quarter. 4.80% of the stock is currently owned by company insiders.

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.