Playtika Holding Corp. (NASDAQ: PLTK) stock jumped 7.48% on Friday to $10.20 against a previous-day closing price of $9.49. With 1.41 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.21 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $10.32 whereas the lowest price it dropped to was $9.61. The 52-week range on PLTK shows that it touched its highest point at $21.45 and its lowest point at $7.81 during that stretch. It currently has a 1-year price target of $15.60.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLTK was up-trending over the past week, with a rise of 7.48%, but this was up by 23.04% over a month. Three-month performance surged to 7.82% while six-month performance fell -21.54%. The stock lost -46.96% in the past year, while it has gained 19.86% so far this year. A look at the trailing 12-month EPS for PLTK yields 0.70 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.17. This implies an EPS growth rate of 215.10% for this year and 31.07% for next year. EPS is expected to grow by 10.10% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 30.60%.
Float and Shares Shorts:
At present, 412.70 million PLTK shares are outstanding with a float of 45.98 million shares on hand for trading. On Oct 13, 2022, short shares totaled 13.02 million, which was 3.61% higher than short shares on Sep 14, 2022. In addition to Mr. Robert Antokol as the firm’s Co-Founder, Chairperson of the Board of Directors & CEO, Mr. Craig J. Abrahams serves as its Pres & CFO.
Through their ownership of 17.36% of PLTK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 92.19% of PLTK, in contrast to 5.03% held by mutual funds. Shares owned by individuals account for 15.79%. As the largest shareholder in PLTK with 2.04% of the stake, Millennium Management LLC holds 7,375,777 shares worth 7,375,777. A second-largest stockholder of PLTK, Senvest Management LLC, holds 6,724,067 shares, controlling over 1.86% of the firm’s shares. AQR Capital Management LLC is the third largest shareholder in PLTK, holding 4,536,744 shares or 1.26% stake. With a 0.65% stake in PLTK, the Government Pension Fund – Global is the largest stakeholder. A total of 2,333,978 shares are owned by the mutual fund manager. The Pacer Fds. Tr. – US Cash Cows 100, which owns about 0.54% of PLTK stock, is the second-largest Mutual Fund holder. It holds 1,951,475 shares valued at 16.61 million. Vanguard Extended Market Index Fu holds 0.35% of the stake in PLTK, owning 1,251,639 shares worth 10.65 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLTK since 11 analysts follow the stock currently. There are 6 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLTK analysts setting a high price target of $29.00 and a low target of $9.00, the average target price over the next 12 months is $15.60. Based on these targets, PLTK could surge 184.31% to reach the target high and fall by -11.76% to reach the target low. Reaching the average price target will result in a growth of 52.94% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PLTK will report FY 2022 earnings on 02/23/2024. Analysts have provided yearly estimates in a range of $0.74 being high and $0.59 being low. For PLTK, this leads to a yearly average estimate of $0.63. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Playtika Holding Corp. surprised analysts by -$0.00 when it reported $0.17 EPS against a consensus estimate of $0.17. The surprise factor in the prior quarter was -$0.10. Based on analyst estimates, the high estimate for the next quarter is $0.23 and the low estimate is $0.13. The average estimate for the next quarter is thus $0.17.
Summary of Insider Activity:
Insiders traded PLTK stock several times over the past three months with 8 Buys and 1 Sells. In these transactions, 1,690,000 shares were bought while 15,262 shares were sold. The number of buy transactions has increased to 19 while that of sell transactions has risen to 5 over the past year. The total number of shares bought during that period was 1,751,748 while 27,960,712 shares were sold.