Playtika (NASDAQ:PLTK) CTO Uri Rubin Sells 220,000 Shares of Stock

by · The Cerbat Gem

Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) CTO Uri Rubin sold 220,000 shares of the firm’s stock in a transaction that occurred on Monday, November 9th. The shares were sold at an average price of $2.52, for a total value of $554,400.00. Following the completion of the transaction, the chief technology officer owned 489,352 shares in the company, valued at approximately $1,233,167.04. This trade represents a 31.01% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $2.73 on Wednesday. Playtika Holding Corp. has a 1 year low of $1.88 and a 1 year high of $4.42. The firm has a market capitalization of $1.04 billion, a PE ratio of -3.74 and a beta of 1.08. The business’s 50 day moving average price is $2.20 and its 200-day moving average price is $3.04.

Playtika (NASDAQ:PLTK – Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.22 by $0.10. Playtika had a negative return on equity of 67.84% and a negative net margin of 9.84%. The firm had revenue of $673.80 million during the quarter, compared to the consensus estimate of $666.98 million. During the same period in the prior year, the company earned $0.11 EPS. The firm’s revenue was down .1% compared to the same quarter last year. As a group, analysts expect that Playtika Holding Corp. will post 0.46 earnings per share for the current year.

Institutional Trading of Playtika

Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Playtika during the 2nd quarter worth $22,230,000. Man Group plc acquired a new position in shares of Playtika during the 2nd quarter valued at about $2,554,000. Bank of New York Mellon Corp purchased a new stake in shares of Playtika in the second quarter valued at about $946,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Playtika in the second quarter valued at about $88,000. Finally, Two Sigma Securities LLC purchased a new stake in shares of Playtika in the second quarter valued at about $118,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group set a $3.75 target price on shares of Playtika in a research report on Friday, August 7th. Citigroup lowered their price target on shares of Playtika from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Wedbush cut their price objective on shares of Playtika from $4.00 to $3.00 and set a “neutral” rating for the company in a report on Friday. Morgan Stanley set a $4.25 target price on shares of Playtika in a research note on Monday, August 10th. Finally, Wall Street Zen cut Playtika from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $3.35.

Read Our Latest Analysis on Playtika

Playtika Company Profile

(Get Free Report)

Playtika Holding Corp. develops and publishes free-to-play mobile games, with a focus on social casino and casual gaming. Its games are available on mobile devices and online, and generate revenue primarily through in-game purchases and advertising. Its portfolio includes titles such as Slotomania, Caesars Slots, Bingo Blitz and June’s Journey. Playtika was founded in 2010 and has expanded its portfolio through acquisitions, including the 2018 purchase of German game developer Wooga. Founded in Israel, Playtika serves players in markets around the world.

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