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

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

Analyst Upgrades and Downgrades

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

Playtika Stock Down 4.1%

The company has a market capitalization of $1.50 billion, a P/E ratio of -5.12 and a beta of 1.09. The company has a 50-day moving average of $3.57 and a two-hundred day moving average of $3.42.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $694.68 million. Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.Playtika’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.08 EPS. As a group, equities analysts expect that Playtika Holding Corp. will post 0.64 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PLTK. Independent Financial Group LLC bought a new stake in Playtika during the first quarter worth about $28,000. Kestra Advisory Services LLC purchased a new stake in Playtika in the fourth quarter worth about $32,000. Signaturefd LLC increased its stake in shares of Playtika by 129.8% during the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after purchasing an additional 5,147 shares in the last quarter. Comerica Bank increased its stake in shares of Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock valued at $36,000 after purchasing an additional 6,704 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new position in shares of Playtika during the fourth quarter valued at approximately $41,000. 11.94% of the stock is currently owned by institutional investors.

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.