Wedbush Forecasts Playtika’s Q1 Earnings (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK) – Equities research analysts at Wedbush boosted their Q1 2025 earnings per share (EPS) estimates for Playtika in a report released on Thursday, November 7th. Wedbush analyst M. Pachter now expects that the company will post earnings per share of $0.18 for the quarter, up from their previous forecast of $0.17. Wedbush has a “Outperform” rating and a $11.50 price target on the stock. The consensus estimate for Playtika’s current full-year earnings is $0.71 per share. Wedbush also issued estimates for Playtika’s FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS and Q2 2026 earnings at $0.20 EPS.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 129.21%. Playtika’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS.

Several other equities analysts have also weighed in on PLTK. Macquarie reissued a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research note on Friday. Roth Mkm increased their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Morgan Stanley increased their target price on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $9.18.

Playtika Stock Up 1.2 %

Playtika stock opened at $8.41 on Monday. The business’s 50-day simple moving average is $7.72 and its 200 day simple moving average is $7.83. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 1.72 and a beta of 0.85. Playtika has a 12-month low of $6.25 and a 12-month high of $9.23.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Playtika by 19.7% in the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after buying an additional 1,552,606 shares during the last quarter. AQR Capital Management LLC raised its position in Playtika by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after buying an additional 3,132,272 shares during the last quarter. Vanguard Group Inc. raised its position in Playtika by 2.2% in the 1st quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock valued at $25,141,000 after buying an additional 76,948 shares during the last quarter. Renaissance Technologies LLC raised its position in Playtika by 1.6% in the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after buying an additional 32,802 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its position in Playtika by 0.9% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 1,350,298 shares of the company’s stock valued at $9,520,000 after buying an additional 12,546 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.76%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

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.