Playtika (NASDAQ:PLTK) CTO Sells $554,400.00 in Stock

Playtika Holding Corp. (NASDAQ:PLTK) CTO Uri Rubin sold 220,000 shares of Playtika stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $2.52, for a total transaction of $554,400.00. Following the completion of the transaction, the chief technology officer owned 489,352 shares of the company’s stock, valued at $1,233,167.04. This represents a 31.01% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Playtika Price Performance

Shares of PLTK stock opened at $2.49 on Friday. The company’s fifty day simple moving average is $2.22 and its two-hundred day simple moving average is $3.03. Playtika Holding Corp. has a 1 year low of $1.88 and a 1 year high of $4.42. The stock has a market capitalization of $952.85 million, a price-to-earnings ratio of -3.41 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, November 5th. The company reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.10. Playtika had a negative return on equity of 67.84% and a negative net margin of 9.84%. The firm had revenue of $673.80 million for the quarter, compared to the consensus estimate of $666.98 million. During the same quarter in the prior year, the business posted $0.11 earnings per share. The business’s quarterly revenue was down .1% on a year-over-year basis. Equities research analysts anticipate that Playtika Holding Corp. will post 0.46 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PLTK shares. Wall Street Zen cut Playtika from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. The Goldman Sachs Group set a $3.75 target price on Playtika in a research note on Friday, August 7th. Roth Capital reduced their target price on Playtika from $3.50 to $2.75 and set a “neutral” rating for the company in a report on Monday, August 31st. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Playtika in a report on Wednesday, August 26th. Finally, Citigroup decreased their price target on Playtika from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $3.35.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. BlackRock Inc. bought a new position in shares of Playtika in the second quarter worth $22,230,000. Man Group plc purchased a new stake in shares of Playtika in the second quarter worth $2,554,000. Bank of New York Mellon Corp purchased a new stake in shares of Playtika in the second quarter worth $946,000. Hsbc Holdings PLC bought a new stake in Playtika during the second quarter valued at $219,000. Finally, Two Sigma Securities LLC bought a new stake in Playtika during the second quarter valued at $118,000. 11.94% of the stock is owned by institutional investors.

About Playtika

Playtika Holding Corp. develops and publishes free-to-play mobile games, with a focus on social casino and casual gaming. Its games are available on mobile devices and online, and generate revenue primarily through in-game purchases and advertising. Its portfolio includes titles such as Slotomania, Caesars Slots, Bingo Blitz and June’s Journey. Playtika was founded in 2010 and has expanded its portfolio through acquisitions, including the 2018 purchase of German game developer Wooga. Founded in Israel, Playtika serves players in markets around the world.