Playtika (PLTK) to Release Quarterly Earnings on Thursday

Playtika (NASDAQ:PLTK) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Playtika to post earnings of $0.18 per share and revenue of $631.02 million for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Playtika Stock Performance

PLTK stock opened at $6.97 on Tuesday. The stock has a market capitalization of $2.60 billion, a PE ratio of 12.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92. Playtika has a 12-month low of $6.25 and a 12-month high of $9.15. The stock’s 50 day simple moving average is $7.10 and its 200 day simple moving average is $7.57.

Insider Activity

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total transaction of $572,459.42. Following the transaction, the insider now directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have sold 583,307 shares of company stock valued at $4,767,848 in the last ninety days. 4.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on PLTK. Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research 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 stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $9.00.

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.