Playtika (NASDAQ:PLTK) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note released Friday to investors, Zacks.com reports.
According to Zacks, “Playtika Holding Corporation develops mobile games. It has a portfolio of casual and casino-themed games. Playtika Holding Corporation is based in Herzliya Pituarch, Israel.”
A number of other equity research analysts have also weighed in on PLTK recently. DA Davidson began coverage of Playtika in a report on Thursday, December 16. They set a “buy” rating and a price target of $25.00 for the company. Macquarie began coverage of Playtika in a report on Wednesday, December 15. They set an “outperform” rating and a price target of $34.00 for the company. MKM Partners lowered its target price on Playtika from $34.00 to $29.00 and set a “buy” rating for the company in a Thursday, November 4 research note. BTIG Research began covering Playtika in a research note on Wednesday, October 27. They issued a “buy” rating and a target price of $35.00 for the company. Finally, Wedbush lowered its target price on Playtika from $42.00 to $35.00 and set an “outperform” rating for the company in a Thursday, Nov. 4, research note. One financial analyst assigned the stock a sell rating, two assigned a hold rating and twelve assigned the company’s stock a buy rating. According to MarketBeat.com, the stock has a consensus buy rating and an average price target of $34.67.
PLTK opened at $19.26 on Friday. The stock’s 50-day moving average price is $18.29 and its two-hundred-day moving average price is $23.06. Playtika has a 12-month low of $16.25 and a 12-month high of $35.09. The company has a market capitalization of $7.89 billion and a P/E ratio of 27.51.
Playtika Inc (NASDAQ:PLTK) last reported results on Tuesday, November 2. The company reported EPS of $0.20 for the quarter, missing Thomson Reuters consensus estimate of $0.27 per ($0.07). Playtika had a negative return on equity of 40.71% and a net margin of 11.25%. The company posted revenue of $635.90 million for the quarter, versus a consensus estimate of $661.97 million. The company’s revenue increased 3.7% year over year. As a group, equity research analysts expect Playtika to post EPS of 0.76 for the current year.
Separately, insider Robert Antokol acquired 150,000 shares of the company in a trade that took place on Wednesday, November 17. The shares were acquired at an average cost of $21.62 per share, with a total value of $3,243,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, accessible via the SEC’s website. 2.90% of the shares are held by insiders.
A number of hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP increased its stake in Playtika by 6.7% during the third quarter. Wellington Management Group LLP now owns 13,165 shares of the company worth $364,000 after acquiring 821 additional shares in the last quarter. JPMorgan Chase & Co. increased its stake in Playtika by 8.0% during the second quarter. JPMorgan Chase & Co. now owns 11,553 shares of the company worth $275,000 after acquiring 853 additional shares in the last quarter. Metropolitan Life Insurance Co NY increased its stake in Playtika by 32.1% during the third quarter. Metropolitan Life Insurance Co NY now owns 6,964 shares of the company worth $192,000 after acquiring 1,693 additional shares in the last quarter. Squarepoint Ops LLC increased its holdings of Playtika stock by 2.2% in the second quarter. Squarepoint Ops LLC now owns 82,342 shares of the company valued at $1,963,000 after purchasing an additional 1,742 shares last quarter. Finally, Paloma Partners Management Co increased its stake in Playtika shares by 21.3% in the second quarter. Paloma Partners Management Co now owns 12,889 shares of the company valued at $307,000 after buying 2,259 additional shares last quarter. Hedge funds and other institutional investors hold 20.08% of the company’s shares.
Playtika Company Profile
Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, Asia-Pacific and internationally. The company has a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google and other web and mobile platforms and its own proprietary platforms.
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