Playtika (NASDAQ:PLTK – Get Rating) issued its quarterly earnings results on Tuesday. The company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $679.60 million during the quarter, compared to analysts’ expectations of $641.85 million. Playtika had a net margin of 11.94% and a negative return on equity of 61.32%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.17 EPS. Playtika updated its FY 2022 guidance to EPS.
PLTK traded down $0.84 during trading on Tuesday, reaching $11.94. The company had a trading volume of 87,083 shares, compared to its average volume of 1,922,270. The business’s fifty day moving average price is $18.10 and its 200 day moving average price is $18.82. The company has a market cap of $4.92 billion, a P/E ratio of 16.82 and a beta of 0.16. Playtika has a 12 month low of $12.29 and a 12 month high of $30.00.
Several research firms have weighed in on PLTK. The Goldman Sachs Group lowered shares of Playtika from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $27.00 to $22.00 in a research note on Tuesday, April 19th. BTIG Research dropped their price objective on shares of Playtika from $29.00 to $22.00 in a research note on Tuesday, January 25th. Credit Suisse Group dropped their price objective on shares of Playtika from $39.00 to $30.00 and set an “outperform” rating on the stock in a research note on Friday, February 25th. Wedbush reiterated an “outperform” rating on shares of Playtika in a research note on Tuesday, February 15th. Finally, Zacks Investment Research upgraded shares of Playtika from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $28.30.
Playtika Company Profile (Get Rating)
Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.
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