Playtika (NASDAQ:PLTK) Shares Up 4.4% – Still a Buy?

Playtika Holding Corp. (NASDAQ:PLTK) shot up 4.4% during trading on Monday . The company traded as high as $4.00 and last traded at $4.00. Approximately 108,728 shares were traded during trading, a decline of 93% from the average session volume of 1,603,474 shares. The stock had previously closed at $3.83.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on PLTK shares. TD Cowen restated a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a report on Friday, May 29th. Finally, Roth Capital increased their price target on Playtika from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Two research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $4.00.

Playtika Stock Performance

The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -5.45 and a beta of 1.09. The stock’s 50-day simple moving average is $3.56 and its two-hundred day simple moving average is $3.42.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The firm had revenue of $744.70 million for the quarter, compared to the consensus estimate of $694.68 million. Playtika had a negative net margin of 10.54% and a negative return on equity of 67.46%. The firm’s revenue was up 5.5% on a year-over-year basis. During the same quarter last year, the company earned $0.08 earnings per share. As a group, research analysts predict that Playtika Holding Corp. will post 0.64 earnings per share for the current year.

Institutional Trading of Playtika

Several hedge funds have recently added to or reduced their stakes in PLTK. Independent Financial Group LLC acquired a new stake in Playtika in the 1st quarter valued at approximately $28,000. Kestra Advisory Services LLC bought a new position in Playtika in the 4th quarter worth approximately $32,000. Signaturefd LLC lifted its holdings 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 buying an additional 5,147 shares during the last quarter. Comerica Bank lifted its holdings in shares of Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after buying an additional 6,704 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in shares of Playtika in the fourth quarter valued at approximately $41,000. Institutional investors own 11.94% of the company’s stock.

About Playtika

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.