Key Points
- CTO Uri Rubin sold 220,000 Playtika shares for $554,400 at an average price of $2.52, reducing his stake by 31% to 489,352 shares.
- Playtika’s latest quarterly results beat analyst expectations: EPS was $0.32 versus $0.22 forecast, and revenue was $673.8 million versus $667.0 million expected. Revenue was down 0.1% year over year.
- Analysts have a consensus Hold rating and an average price target of $3.35; the stock opened at $2.73 in the article’s reported session.
Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) CTO Uri Rubin sold 220,000 shares of the firm's stock in a transaction that occurred on Monday, November 9th. The stock was sold at an average price of $2.52, for a total transaction of $554,400.00. Following the sale, the chief technology officer owned 489,352 shares of the company's stock, valued at $1,233,167.04. This represents a 31.01% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Playtika Stock Performance
PLTK stock opened at $2.73 on Wednesday. The firm has a market cap of $1.04 billion, a PE ratio of -3.74 and a beta of 1.08. The firm's 50 day moving average price is $2.20 and its 200-day moving average price is $3.04. Playtika Holding Corp. has a one year low of $1.88 and a one year high of $4.42.
Playtika (NASDAQ:PLTK - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.32 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.10. The firm had revenue of $673.80 million for the quarter, compared to analysts' expectations of $666.98 million. Playtika had a negative return on equity of 67.84% and a negative net margin of 9.84%. The firm's quarterly revenue was down .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.11 earnings per share. Equities research analysts predict that Playtika Holding Corp. will post 0.46 EPS for the current fiscal year.
Hedge Funds Weigh In On Playtika
Several large investors have recently made changes to their positions in the stock. BlackRock Inc. purchased a new position in shares of Playtika during the 2nd quarter worth approximately $22,230,000. Man Group plc acquired a new stake in Playtika in the 2nd quarter valued at approximately $2,554,000. Tidal Investments LLC raised its position in Playtika by 153.0% in the second quarter. Tidal Investments LLC now owns 353,984 shares of the company's stock valued at $1,317,000 after purchasing an additional 214,093 shares during the period. Bank of New York Mellon Corp purchased a new stake in Playtika in the second quarter valued at approximately $946,000. Finally, Public Employees Retirement System of Ohio raised its position in Playtika by 62.7% in the second quarter. Public Employees Retirement System of Ohio now owns 165,394 shares of the company's stock valued at $615,000 after purchasing an additional 63,717 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research firms have commented on PLTK. Wall Street Zen downgraded Playtika from a "buy" rating to a "hold" rating in a research report on Saturday, August 22nd. Morgan Stanley set a $4.25 price target on Playtika in a report on Monday, August 10th. Citigroup cut their price objective on Playtika from $3.50 to $3.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Weiss Ratings reissued a "sell (d)" rating on shares of Playtika in a research report on Wednesday, August 26th. Finally, The Goldman Sachs Group set a $3.75 price objective on shares of Playtika in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $3.35.
Check Out Our Latest Analysis on PLTK
Playtika Company Profile
(
Get Free Report)
Playtika Holding Corp. develops and publishes free-to-play mobile games, with a focus on social casino and casual gaming. Its games are available on mobile devices and online, and generate revenue primarily through in-game purchases and advertising. Its portfolio includes titles such as Slotomania, Caesars Slots, Bingo Blitz and June's Journey. Playtika was founded in 2010 and has expanded its portfolio through acquisitions, including the 2018 purchase of German game developer Wooga. Founded in Israel, Playtika serves players in markets around the world.
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