Playtika (NASDAQ:PLTK) Stock: Insider Uri Rubin Sells 220,000 Shares

Playtika Holding Corp. (NASDAQ:PLTK) CTO Uri Rubin sold 220,000 shares of the stock in a transaction on Monday, November 9th. The stock was sold at an average price of $2.52, for a total value of $554,400.00. Following the transaction, the chief technology officer owned 489,352 shares of the company’s stock, valued at $1,233,167.04. This represents a 31.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Playtika Stock Down 6.2%

Shares of Playtika stock opened at $2.56 on Thursday. Playtika Holding Corp. has a 12-month low of $1.88 and a 12-month high of $4.42. The stock has a market capitalization of $979.65 million, a P/E ratio of -3.51 and a beta of 1.08. The company has a 50-day simple moving average of $2.21 and a 200 day simple moving average of $3.03.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 5th. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.10. The firm had revenue of $673.80 million for the quarter, compared to analyst estimates of $666.98 million. Playtika had a negative net margin of 9.84% and a negative return on equity of 67.84%. The company’s revenue for the quarter was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.11 earnings per share. On average, equities analysts anticipate that Playtika Holding Corp. will post 0.46 earnings per share for the current year.

Hedge Funds Weigh In On Playtika

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Playtika during the second quarter valued at approximately $22,230,000. Man Group plc acquired a new stake in shares of Playtika in the second quarter valued at approximately $2,554,000. Bank of New York Mellon Corp acquired a new stake in shares of Playtika in the second quarter valued at approximately $946,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Playtika in the 3rd quarter worth approximately $52,000. Finally, Williams & Novak Wealth Management LLC raised its position in Playtika by 12.0% in the 3rd quarter. Williams & Novak Wealth Management LLC now owns 110,035 shares of the company’s stock worth $235,000 after purchasing an additional 11,830 shares during the last quarter. 11.94% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on PLTK. Weiss Ratings restated a “sell (d)” rating on shares of Playtika in a research report on Wednesday, August 26th. Citigroup cut their price objective on Playtika from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. The Goldman Sachs Group set a $3.75 price objective on Playtika in a research note on Friday, August 7th. Finally, Wedbush decreased their target price on Playtika from $4.00 to $3.00 and set a “neutral” rating on the stock in a report on Friday, November 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $3.35.

About Playtika

Playtika Holding Corp. develops and publishes free-to-play mobile games, with a focus on social casino and casual gaming. Its games are available on mobile devices and online, and generate revenue primarily through in-game purchases and advertising. Its portfolio includes titles such as Slotomania, Caesars Slots, Bingo Blitz and June’s Journey. Playtika was founded in 2010 and has expanded its portfolio through acquisitions, including the 2018 purchase of German game developer Wooga. Founded in Israel, Playtika serves players in markets around the world.