Playtika Holding Corp. (NASDAQ: PLTK) stock fell -1.18% on Tuesday to $10.07 against a previous-day closing price of $10.19. With 1.31 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.26 million shares. During the session, the Electronic Gaming & Multimedia company that operates in wider Communication Services sector, reached to the highest price of $10.17 whereas the lowest price it dropped to was $9.97. The 52-week range on PLTK shows that it touched its highest point at $15.61 and its lowest point at $7.81 during that stretch. It currently has a 1-year price target of $14.15.
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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 down-trending over the past week, with a drop of -2.61%, but this was down by -10.49% over a month. Three-month performance surged to 4.35% while six-month performance rose 6.45%. The stock lost -27.81% in the past year, while it has gained 18.33% so far this year. A look at the trailing 12-month EPS for PLTK yields 0.72 with Next year EPS estimates of 0.92. For the next quarter, that number is 0.21. This implies an EPS growth rate of -9.10% for this year and 10.17% for next year. EPS is expected to grow by 17.53% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.80%.
Float and Shares Shorts:
At present, 364.60 million PLTK shares are outstanding with a float of 45.98 million shares on hand for trading. On Apr 27, 2023, short shares totaled 3.15 million, which was 0.85% higher than short shares on Mar 30, 2023. 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.
Institutional Ownership:
Through their ownership of 13.93% of PLTK’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 89.87% of PLTK, in contrast to 8.32% held by mutual funds. Shares owned by individuals account for 4.71%. As the largest shareholder in PLTK with 1.84% of the stake, AQR Capital Management LLC holds 6,704,950 shares worth 6,704,950. A second-largest stockholder of PLTK, BlackRock Fund Advisors, holds 3,583,738 shares, controlling over 0.98% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in PLTK, holding 3,217,378 shares or 0.88% stake. With a 0.65% stake in PLTK, the Pacer Fds. Tr. – US Cash Cows 100 is the largest stakeholder. A total of 2,373,029 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.34% of PLTK stock, is the second-largest Mutual Fund holder. It holds 1,251,496 shares valued at 12.51 million. American Funds Small Cap World Fu holds 0.32% of the stake in PLTK, owning 1,172,900 shares worth 11.73 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PLTK reported revenue of $659.60M and operating income of $91.30M. The EBITDA in the recently reported quarter was $136.40M and diluted EPS was $0.09.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLTK since 0 analysts follow the stock currently. 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 $10.00, the average target price over the next 12 months is $14.15. Based on these targets, PLTK could surge 187.98% to reach the target high and fall by -0.7% to reach the target low. Reaching the average price target will result in a growth of 40.52% 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.
Summary of Insider Activity:
Insiders traded PLTK stock several times over the past three months with 0 Buys and 8 Sells. In these transactions, 0 shares were bought while 79,843,295 shares were sold. The number of buy transactions has increased to 21 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 2,130,702 while 107,857,879 shares were sold.
