Playtika (NASDAQ:PLTK) Downgraded to Hold Rating by Wall Street Zen

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

Several other analysts have also recently issued reports on PLTK. Wedbush reissued an “outperform” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, October 31st. Weiss Ratings raised shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Finally, Loop Capital set a $3.75 target price on shares of Playtika in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Playtika currently has a consensus rating of “Hold” and an average target price of $6.00.

Playtika Stock Up 0.8%

PLTK opened at $3.56 on Friday. Playtika has a 52 week low of $3.31 and a 52 week high of $7.58. The business has a fifty day simple moving average of $3.94 and a 200-day simple moving average of $3.93. The firm has a market cap of $1.34 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.05 and a beta of 0.84.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, November 6th. The company reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. Playtika had a negative return on equity of 114.44% and a net margin of 3.16%.The firm had revenue of $674.60 million for the quarter, compared to analyst estimates of $669.60 million. During the same quarter in the prior year, the company earned $0.11 EPS. Playtika’s revenue was up 8.7% on a year-over-year basis. Sell-side analysts expect that Playtika will post 0.65 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Playtika in the 2nd quarter valued at approximately $27,000. Signaturefd LLC grew its stake in shares of Playtika by 129.8% during the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock worth $36,000 after purchasing an additional 5,147 shares in the last quarter. Jackson Thornton Wealth Management LLC acquired a new position in shares of Playtika during the third quarter worth $38,000. EP Wealth Advisors LLC purchased a new position in Playtika in the second quarter valued at $52,000. Finally, ProShare Advisors LLC acquired a new stake in Playtika in the second quarter valued at $55,000. 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.