Playtika (NASDAQ:PLTK) Inventory Value Down 3.3% Following Analyst Downgrade

Playtika Maintaining Corp. (NASDAQ:PLTK – Get Score) was once down 3.3% right through buying and selling on Thursday after Citigroup diminished their charge goal at the inventory from $17.00 to $15.00. Citigroup lately has a impartial score at the inventory. Playtika traded as little as $13.23 and remaining traded at $13.25. Roughly 6,865 stocks modified fingers right through mid-day buying and selling, a decline of 100% from the typical day by day quantity of two,292,397 stocks. The inventory had prior to now closed at $13.70.

Different analysis analysts have additionally issued reviews in regards to the corporate. Morgan Stanley minimize their goal charge on Playtika from $23.00 to $21.00 and set an “obese” score for the corporate in a analysis be aware on Monday, June thirteenth. The Goldman Sachs Staff diminished Playtika from a “purchase” score to a “impartial” score and minimize their goal charge for the corporate from $27.00 to $22.00 in a analysis be aware on Tuesday, April nineteenth. Wedbush minimize their goal charge on Playtika from $35.00 to $22.00 in a analysis be aware on Wednesday, Might eleventh. Robert W. Baird minimize their goal charge on Playtika from $27.00 to $16.00 in a analysis be aware on Wednesday, Might eleventh. In any case, Credit score Suisse Staff dropped their charge function on Playtika from $30.00 to $24.00 in a analysis be aware on Wednesday, Might eleventh. Two analysis analysts have rated the inventory with a dangle score and 8 have given a purchase score to the corporate. In step with MarketBeat, the corporate has a consensus score of “Average Purchase” and a consensus goal charge of $24.00.

Numerous institutional buyers have lately added to or decreased their stakes in PLTK. Royal Financial institution of Canada larger its stake in stocks of Playtika by way of 112.9% within the 3rd quarter. Royal Financial institution of Canada now owns 86,477 stocks of the corporate’s inventory valued at $2,389,000 after purchasing an extra 45,863 stocks within the remaining quarter. Wellington Control Staff LLP larger its stake in stocks of Playtika by way of 6.7% within the 3rd quarter. Wellington Control Staff LLP now owns 13,165 stocks of the corporate’s inventory valued at $364,000 after purchasing an extra 821 stocks within the remaining quarter. Thrivent Monetary for Lutherans got a brand new stake in stocks of Playtika within the 3rd quarter valued at $298,000. Schonfeld Strategic Advisors LLC got a brand new stake in stocks of Playtika within the 3rd quarter valued at $275,000. In any case, State of Alaska Division of Earnings got a brand new stake in stocks of Playtika within the fourth quarter valued at $1,587,000. Hedge budget and different institutional buyers personal 20.08% of the corporate’s inventory.

The corporate has a marketplace capitalization of $5.63 billion, a price-to-earnings ratio of 15.68 and a beta of 0.33. The inventory has a 50 day transferring reasonable charge of $14.09 and a two-hundred day transferring reasonable charge of $16.67.

Playtika (NASDAQ:PLTK – Get Score) remaining introduced its income effects on Tuesday, Might tenth. The corporate reported $0.20 income consistent with proportion for the quarter, lacking analysts’ consensus estimates of $0.22 by way of ($0.02). Playtika had a internet margin of 13.58% and a damaging go back on fairness of 82.08%. The industry had earnings of $679.60 million right through the quarter, in comparison to analyst estimates of $641.85 million. Throughout the similar quarter remaining 12 months, the industry posted $0.17 income consistent with proportion. The industry’s quarterly earnings was once up 6.4% in comparison to the similar quarter remaining 12 months. Analysts forecast that Playtika Maintaining Corp. will put up 0.76 income consistent with proportion for the present fiscal 12 months.

Playtika Corporate Profile (NASDAQ:PLTK)

Playtika Maintaining Corp. develops cellular video games in america, Europe, the Center East, Africa, the Asia Pacific, and across the world. The corporate owns a portfolio of informal and casino-themed video games. It distributes its video games to the top buyer thru quite a lot of internet and cellular platforms, equivalent to Apple, Fb, Google, and different internet and cellular platforms and its personal proprietary platforms.

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