Wedbush Forecasts Playtika’s Q1 Earnings (NASDAQ:PLTK)

Playtika Holding Corp. (NASDAQ:PLTK) – Analysts at Wedbush upped their Q1 2025 earnings per share estimates for shares of Playtika in a research note issued to investors on Thursday, November 7th. Wedbush analyst M. Pachter now anticipates that the company will post earnings of $0.18 per share for the quarter, up from their previous estimate of $0.17. Wedbush currently has a “Outperform” rating and a $11.50 target price on the stock. The consensus estimate for Playtika’s current full-year earnings is $0.71 per share. Wedbush also issued estimates for Playtika’s FY2025 earnings at $0.70 EPS, Q1 2026 earnings at $0.19 EPS and Q2 2026 earnings at $0.20 EPS.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a negative return on equity of 129.21% and a net margin of 8.52%. The business had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business’s revenue was down 1.5% compared to the same quarter last year.

Other analysts have also recently issued reports about the company. Morgan Stanley lifted their price target on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd. Macquarie reissued a “neutral” rating and set a $7.00 price target on shares of Playtika in a report on Friday. Finally, Roth Mkm lifted their price target on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $9.18.

Playtika Trading Up 1.2 %

Shares of NASDAQ PLTK opened at $8.41 on Monday. The company has a market capitalization of $3.13 billion, a P/E ratio of 14.50, a P/E/G ratio of 1.72 and a beta of 0.85. The stock has a 50 day moving average of $7.72 and a 200-day moving average of $7.83. Playtika has a 12 month low of $6.25 and a 12 month high of $9.23.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.76%. Playtika’s dividend payout ratio (DPR) is currently 68.97%.

Hedge Funds Weigh In On Playtika

A number of institutional investors have recently modified their holdings of PLTK. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Playtika during the 2nd quarter worth $31,000. Versant Capital Management Inc bought a new stake in Playtika during the 2nd quarter worth $36,000. Acadian Asset Management LLC bought a new stake in Playtika during the 2nd quarter worth $43,000. Headlands Technologies LLC grew its position in Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after acquiring an additional 5,794 shares during the last quarter. Finally, Capital Performance Advisors LLP bought a new stake in Playtika during the 3rd quarter worth $62,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

About Playtika

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.