Playtika (NASDAQ:PLTK) Announces Earnings Results, Misses Estimates By $0.15 EPS

Playtika (NASDAQ:PLTK) released its earnings results on Thursday. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.15), Zacks reports. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. Playtika updated its FY 2025 guidance to EPS.

Playtika Price Performance

Shares of PLTK traded down $1.12 during trading hours on Thursday, hitting $5.74. The stock had a trading volume of 2,818,640 shares, compared to its average volume of 823,616. Playtika has a 52 week low of $5.22 and a 52 week high of $9.15. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.69 and a beta of 0.92. The company’s fifty day moving average is $7.08 and its two-hundred day moving average is $7.56.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the transaction, the insider now owns 200,554,660 shares of the company’s stock, valued at approximately $1,512,182,136.40. The trade was a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 491,921 shares of company stock worth $4,004,775 over the last ninety days. Corporate insiders own 4.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PLTK. Wedbush reissued an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research report on Wednesday. Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th. Finally, Roth Mkm lifted their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $9.00.

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.