Playtika (PLTK) Expected to Announce Quarterly Earnings on Thursday

Playtika (NASDAQ:PLTK) is projected to release its earnings data before the market opens on Thursday, February 27th. Analysts expect Playtika to post earnings of $0.18 per share and revenue of $631.02 million for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Playtika Price Performance

PLTK stock opened at $6.83 on Wednesday. The company has a 50-day moving average of $7.09 and a two-hundred day moving average of $7.57. Playtika has a 52-week low of $6.25 and a 52-week high of $9.15. The stock has a market capitalization of $2.55 billion, a price-to-earnings ratio of 11.78, a price-to-earnings-growth ratio of 1.69 and a beta of 0.92.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on PLTK shares. Macquarie reissued a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Playtika presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Insider Transactions at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm’s stock in a transaction dated 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 in the company, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last three months, insiders have sold 491,921 shares of company stock worth $4,004,775. Corporate insiders own 4.80% 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.