Playtika Holding Corp. (NASDAQ:PLTK) Short Interest Update

Playtika Holding Corp. (NASDAQ:PLTK) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 9,763,358 shares, an increase of 18.2% from the February 12th total of 8,261,730 shares. Approximately 2.7% of the shares of the stock are short sold. Based on an average trading volume of 2,040,172 shares, the days-to-cover ratio is presently 4.8 days. Based on an average trading volume of 2,040,172 shares, the days-to-cover ratio is presently 4.8 days. Approximately 2.7% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research firms have issued reports on PLTK. Weiss Ratings downgraded shares of Playtika from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 2nd. The Goldman Sachs Group cut their target price on shares of Playtika from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Wedbush lowered shares of Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research note on Monday, March 2nd. Wall Street Zen cut Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Citigroup cut their price objective on Playtika from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $4.68.

Playtika Trading Down 1.4%

PLTK traded down $0.04 on Monday, hitting $2.81. 1,665,353 shares of the company’s stock were exchanged, compared to its average volume of 1,938,585. Playtika has a fifty-two week low of $2.67 and a fifty-two week high of $5.59. The stock has a market cap of $1.07 billion, a price-to-earnings ratio of -5.20 and a beta of 0.85. The firm has a 50-day moving average price of $3.37 and a 200-day moving average price of $3.68.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, February 26th. The company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.96). Playtika had a negative net margin of 7.49% and a negative return on equity of 114.29%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.04) earnings per share. On average, equities analysts predict that Playtika will post 0.65 EPS for the current year.

Institutional Investors Weigh In On Playtika

A number of large investors have recently made changes to their positions in the stock. AQR Capital Management LLC increased its holdings in shares of Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after purchasing an additional 2,511,228 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Playtika by 20.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after buying an additional 679,564 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Playtika by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock valued at $17,541,000 after buying an additional 595,494 shares in the last quarter. Vanguard Group Inc. grew its holdings in Playtika by 15.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock valued at $12,416,000 after buying an additional 432,060 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Playtika by 30.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,816,734 shares of the company’s stock worth $8,594,000 after acquiring an additional 420,100 shares during the last quarter. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

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.