Denali Advisors LLC Increases Position in Playtika Holding Corp. $PLTK

Denali Advisors LLC lifted its position in Playtika Holding Corp. (NASDAQ:PLTK) by 44.0% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,112,314 shares of the company’s stock after purchasing an additional 340,100 shares during the quarter. Denali Advisors LLC’s holdings in Playtika were worth $4,394,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Wolverine Asset Management LLC increased its stake in shares of Playtika by 3.9% in the fourth quarter. Wolverine Asset Management LLC now owns 266,015 shares of the company’s stock worth $1,051,000 after purchasing an additional 10,000 shares in the last quarter. Comerica Bank grew its stake in Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock valued at $36,000 after acquiring an additional 6,704 shares in the last quarter. HB Wealth Management LLC purchased a new position in Playtika during the fourth quarter valued at $55,000. Earned Wealth Advisors LLC purchased a new position in Playtika during the fourth quarter valued at $46,000. Finally, Merit Financial Group LLC grew its stake in Playtika by 38.2% during the fourth quarter. Merit Financial Group LLC now owns 31,910 shares of the company’s stock valued at $126,000 after acquiring an additional 8,825 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Stock Up 0.8%

PLTK stock opened at $3.63 on Friday. Playtika Holding Corp. has a 52 week low of $2.64 and a 52 week high of $5.34. The company has a fifty day simple moving average of $3.11 and a two-hundred day simple moving average of $3.56. The firm has a market capitalization of $1.38 billion, a P/E ratio of -4.71 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, May 7th. The company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.22). Playtika had a negative net margin of 10.54% and a negative return on equity of 91.41%. The business had revenue of $744.70 million for the quarter, compared to the consensus estimate of $694.69 million. During the same quarter last year, the business earned $0.08 EPS. Playtika’s revenue for the quarter was up 5.5% compared to the same quarter last year. As a group, analysts anticipate that Playtika Holding Corp. will post 0.57 EPS for the current year.

Analyst Upgrades and Downgrades

PLTK has been the subject of several research analyst reports. The Goldman Sachs Group cut their target price on shares of Playtika from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Weiss Ratings cut shares of Playtika from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 2nd. Citigroup cut their target price on shares of Playtika from $7.00 to $5.50 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen cut shares of Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Finally, Wedbush cut shares of Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 target price for the company. in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Playtika presently has a consensus rating of “Hold” and an average price target of $4.10.

Playtika Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.