Playtika (NASDAQ:PLTK) Price Target Lowered to $4.25 at The Goldman Sachs Group

Playtika (NASDAQ:PLTK) had its target price reduced by equities research analysts at The Goldman Sachs Group from $4.75 to $4.25 in a report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. The Goldman Sachs Group’s target price suggests a potential upside of 52.06% from the stock’s current price.

PLTK has been the topic of several other research reports. Weiss Ratings upgraded shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wall Street Zen downgraded Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Citigroup cut their target price on Playtika from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, February 20th. Wedbush downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 target price for the company. in a report on Monday. Finally, Loop Capital set a $3.75 price target on Playtika in a research note on Monday, November 3rd. Two investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, Playtika has a consensus rating of “Hold” and an average price target of $4.68.

Playtika Trading Down 9.5%

PLTK stock traded down $0.30 during trading on Monday, hitting $2.80. The company had a trading volume of 2,304,659 shares, compared to its average volume of 1,638,178. The stock has a market cap of $1.06 billion, a PE ratio of -5.16, a PEG ratio of 1.78 and a beta of 0.85. The business has a 50-day moving average of $3.61 and a 200-day moving average of $3.74. Playtika has a one year low of $2.80 and a one year high of $5.59.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, February 26th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.96). Playtika had a negative return on equity of 211.76% and a negative net margin of 7.49%.The firm had revenue of $678.80 million for the quarter, compared to the consensus estimate of $660.32 million. During the same quarter in the previous year, the business posted ($0.04) EPS. The firm’s revenue for the quarter was up 4.4% compared to the same quarter last year. Research analysts forecast that Playtika will post 0.65 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its holdings in shares of Playtika by 65.7% during the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after acquiring an additional 2,511,228 shares in the last quarter. Jane Street Group LLC grew its position in Playtika by 536.3% in the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock valued at $7,003,000 after purchasing an additional 1,141,685 shares during the period. Denali Advisors LLC bought a new stake in Playtika during the 3rd quarter valued at $3,004,000. Arrowstreet Capital Limited Partnership raised its holdings in Playtika by 20.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after buying an additional 679,564 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in shares of Playtika by 217.8% in the third quarter. Qube Research & Technologies Ltd now owns 920,552 shares of the company’s stock valued at $3,581,000 after buying an additional 630,884 shares in the last quarter. Institutional investors 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.