Playtika’s (PLTK) Outperform Rating Reiterated at Wedbush

Wedbush reissued their outperform rating on shares of Playtika (NASDAQ:PLTK) in a report released on Wednesday morning,Benzinga reports. Wedbush currently has a $11.50 target price on the stock. Wedbush also issued estimates for Playtika’s Q4 2024 earnings at $0.21 EPS, FY2024 earnings at $0.69 EPS, Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.23 EPS and FY2026 earnings at $0.84 EPS.

Several other research analysts have also recently issued reports on PLTK. Macquarie reaffirmed a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Roth Mkm lifted their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $8.21.

Playtika Stock Performance

PLTK stock opened at $5.28 on Wednesday. The business has a 50-day simple moving average of $7.02 and a two-hundred day simple moving average of $7.54. The company has a market capitalization of $1.97 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Playtika has a 52-week low of $5.22 and a 52-week high of $9.15.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 annualized dividend and a yield of 7.58%. Playtika’s dividend payout ratio is currently 68.97%.

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.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently modified their holdings of the stock. Sterling Capital Management LLC raised its stake in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after purchasing an additional 1,534 shares during the period. GAMMA Investing LLC raised its holdings in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Playtika in the third quarter worth $56,000. Finally, R Squared Ltd purchased a new stake in Playtika during the 4th quarter valued at about $57,000. Institutional investors own 11.94% of the company’s stock.

Playtika Company Profile

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.