Wedbush Has Bullish Forecast for Playtika FY2024 Earnings

Playtika Holding Corp. (NASDAQ:PLTK) – Research analysts at Wedbush upped their FY2024 EPS estimates for shares of Playtika in a report issued on Wednesday, February 26th. Wedbush analyst M. Pachter now forecasts that the company will post earnings of $0.69 per share for the year, up from their previous estimate of $0.67. Wedbush has a “Outperform” rating and a $11.50 price target on the stock. The consensus estimate for Playtika’s current full-year earnings is $0.65 per share. Wedbush also issued estimates for Playtika’s Q1 2025 earnings at $0.18 EPS, Q2 2025 earnings at $0.18 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.18 EPS, FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS, Q2 2026 earnings at $0.20 EPS, Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.23 EPS and FY2026 earnings at $0.84 EPS.

Other research analysts have also issued reports about the stock. Roth Mkm raised their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $9.04.

Playtika Stock Performance

Shares of PLTK stock opened at $5.70 on Friday. The stock’s fifty day moving average is $7.06 and its two-hundred day moving average is $7.55. The firm has a market capitalization of $2.12 billion, a P/E ratio of 9.83, a PEG ratio of 1.69 and a beta of 0.92. Playtika has a fifty-two week low of $5.22 and a fifty-two week high of $9.15.

Institutional Trading of Playtika

Several institutional investors and hedge funds have recently bought and sold shares of PLTK. Mackenzie Financial Corp boosted its position in shares of Playtika by 314.3% during the 4th quarter. Mackenzie Financial Corp now owns 49,596 shares of the company’s stock worth $344,000 after purchasing an additional 37,625 shares during the period. Neo Ivy Capital Management increased its holdings in Playtika by 756.9% in the 4th quarter. Neo Ivy Capital Management now owns 60,963 shares of the company’s stock valued at $423,000 after purchasing an additional 53,849 shares during the last quarter. CSS LLC IL increased its holdings in Playtika by 78.9% in the 4th quarter. CSS LLC IL now owns 50,233 shares of the company’s stock valued at $349,000 after purchasing an additional 22,161 shares during the last quarter. Woodline Partners LP grew its stake in shares of Playtika by 41.4% in the fourth quarter. Woodline Partners LP now owns 449,877 shares of the company’s stock valued at $3,122,000 after buying an additional 131,669 shares in the last quarter. Finally, Two Sigma Advisers LP raised its holdings in shares of Playtika by 411.3% in the 4th quarter. Two Sigma Advisers LP now owns 58,800 shares of the company’s stock valued at $408,000 after buying an additional 47,300 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total transaction of $2,381,620.36. Following the completion of the transaction, the insider now directly owns 201,000,143 shares in the company, valued at approximately $1,642,171,168.31. This represents a 0.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 491,921 shares of company stock worth $4,004,775 in the last 90 days. Insiders own 4.80% of the company’s stock.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.