Playtika (NASDAQ:PLTK) Given New $5.50 Price Target at Citigroup

Playtika (NASDAQ:PLTK) had its target price cut by Citigroup from $7.00 to $5.50 in a research note published on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

Other analysts also recently issued reports about the company. Loop Capital set a $3.75 target price on Playtika in a research report on Monday, November 3rd. Wedbush restated an “outperform” rating and issued a $7.00 price target on shares of Playtika in a research report on Friday, October 31st. Weiss Ratings raised Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Finally, Wall Street Zen downgraded shares of Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $5.56.

Playtika Trading Up 0.3%

Shares of PLTK opened at $3.47 on Friday. Playtika has a 12 month low of $3.25 and a 12 month high of $7.19. The firm’s 50 day moving average is $3.71 and its 200-day moving average is $3.77. The stock has a market capitalization of $1.30 billion, a PE ratio of 14.46, a P/E/G ratio of 1.97 and a beta of 0.84.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC increased its position in Playtika by 65.7% during the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock worth $29,630,000 after purchasing an additional 2,511,228 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of Playtika by 20.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after buying an additional 679,564 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock worth $17,541,000 after buying an additional 595,494 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Playtika by 15.7% during the third quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock worth $12,416,000 after buying an additional 432,060 shares in the last quarter. Finally, Acadian Asset Management LLC lifted its stake in shares of Playtika by 27.4% in the 2nd quarter. Acadian Asset Management LLC now owns 1,971,608 shares of the company’s stock valued at $9,311,000 after acquiring an additional 423,779 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Company 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.