Playtika (PLTK) Expected to Announce Quarterly Earnings on Thursday

Playtika (NASDAQ:PLTK) will likely be announcing its earnings results before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $0.18 per share and revenue of $631.02 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Playtika Stock Down 2.0 %

PLTK opened at $6.83 on Wednesday. The firm has a market cap 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. The company’s 50-day moving average price is $7.09 and its 200 day moving average price is $7.57. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $9.15.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. Roth Mkm upped their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Macquarie reissued a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $9.00.

Insider Activity

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company’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 directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 491,921 shares of company stock worth $4,004,775 over the last quarter. Corporate insiders own 4.80% of the company’s stock.

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.