Playtika (NASDAQ:PLTK) Trading 12.9% Higher – Still a Buy?

Playtika Holding Corp. (NASDAQ:PLTK)’s share price shot up 12.9% during trading on Tuesday . The stock traded as high as $4.29 and last traded at $4.2690. 1,276,326 shares traded hands during trading, a decline of 21% from the average daily volume of 1,618,302 shares. The stock had previously closed at $3.78.

Wall Street Analyst Weigh In

PLTK has been the subject of a number of research analyst reports. Roth Capital lifted their price target on shares of Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a research note on Friday, May 29th. Finally, TD Cowen reissued a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $4.00.

Playtika Stock Up 11.6%

The company has a 50 day simple moving average of $3.60 and a 200-day simple moving average of $3.42. The stock has a market cap of $1.60 billion, a price-to-earnings ratio of -5.47 and a beta of 1.09.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, May 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.22). Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.The firm had revenue of $744.70 million during the quarter, compared to analyst estimates of $694.68 million. During the same quarter in the previous year, the business posted $0.08 EPS. Playtika’s revenue was up 5.5% compared to the same quarter last year. On average, equities research analysts expect that Playtika Holding Corp. will post 0.64 EPS for the current fiscal year.

Institutional Trading of Playtika

Several institutional investors have recently added to or reduced their stakes in PLTK. Amundi lifted its position in shares of Playtika by 160.0% in the 1st quarter. Amundi now owns 51,366 shares of the company’s stock worth $256,000 after buying an additional 31,607 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Playtika by 12.8% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 102,781 shares of the company’s stock worth $531,000 after acquiring an additional 11,650 shares during the period. Jane Street Group LLC lifted its holdings in Playtika by 536.3% in the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after acquiring an additional 1,141,685 shares during the last quarter. Creative Planning lifted its holdings in Playtika by 143.3% in the second quarter. Creative Planning now owns 28,089 shares of the company’s stock worth $133,000 after acquiring an additional 16,546 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Playtika by 126.5% in the second quarter. JPMorgan Chase & Co. now owns 399,067 shares of the company’s stock valued at $1,888,000 after acquiring an additional 222,913 shares during the period. 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.