Playtika (NASDAQ:PLTK) Reaches New 1-Year Low – Here’s What Happened

Playtika Holding Corp. (NASDAQ:PLTK)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $3.31 and last traded at $3.3250, with a volume of 354490 shares. The stock had previously closed at $3.41.

Wall Street Analyst Weigh In

PLTK has been the subject of several recent analyst reports. Wall Street Zen downgraded Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Playtika in a report on Friday, October 31st. Loop Capital set a $3.75 price target on shares of Playtika in a research note on Monday, November 3rd. Finally, Weiss Ratings raised shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $6.00.

Playtika Stock Down 3.2%

The stock’s fifty day moving average price is $3.83 and its 200-day moving average price is $3.82. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.75, a P/E/G ratio of 2.05 and a beta of 0.84.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLTK. AQR Capital Management LLC increased its position in shares of 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 during the last quarter. Jane Street Group LLC grew its stake in shares of Playtika by 536.3% in the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock valued at $7,003,000 after buying an additional 1,141,685 shares in the last quarter. Denali Advisors LLC acquired a new position in Playtika during the third quarter worth $3,004,000. Arrowstreet Capital Limited Partnership increased its holdings in 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. Finally, Qube Research & Technologies Ltd raised its position in Playtika by 217.8% during the third quarter. Qube Research & Technologies Ltd now owns 920,552 shares of the company’s stock worth $3,581,000 after acquiring an additional 630,884 shares in the last quarter. 11.94% of the stock is 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.