Streetbeat News

PLTK

Playtika Holding Corp.

https://www.playtika.com

Industry

Electronic Gaming & Multimedia

Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms. The company was founded in 2010 and is headquartered in Herzliya Pituarch, Israel. Playtika Holding Corp. is a subsidiary of Playtika Holding Uk Ii Limited.

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Playtika projects its FY24 revenue to be in the range of $2.52B to $2.62B, surpassing the estimated $2.57B.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:42 am

Playtika's Board of Directors has authorized a new stock repurchase program, allowing the company to buy back up to $150 million of its shares. This move is aimed at returning value to shareholders and potentially increasing the stock's value by reducing the number of shares outstanding.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:40 am

Playtika Holding (NASDAQ:PLTK) reported Q1 earnings of $0.14 per share, missing the consensus estimate of $0.16, a 39.13% decrease from last year. Sales were $651.20M, beating estimates by 1.50% but slightly down 0.76% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 10:38 am

Wall Street's most accurate analysts have provided their views on three high-yielding tech and telecom stocks: Sinclair, Inc. (SBGI), Playtika Holding Corp. (PLTK), and Gray Television, Inc. (GTN). These stocks offer dividend yields above 5% and have received various ratings and price target adjustments based on recent financial performances and market outlooks.

Portfolio Pulse from Avi Kapoor

March 06, 2024 | 12:24 pm

Bitdeer Technologies Group's shares surged 10.2% after reporting positive Q4 financial results and successful testing of its Bitcoin mining chip, amidst a general rise in Bitcoin prices. Other stocks also saw significant movements, with BitFuFu Inc. leading with a 107% jump following its Nasdaq listing. The session also highlighted FDA approvals, strategic approaches, and financial results as key drivers for stock movements. Conversely, companies like BioVie Inc. and JOANN Inc. faced declines due to public offering pricing and bankruptcy reports, respectively.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 6:29 pm

Several Communication Services stocks experienced significant movements in Monday's intraday session. Notable gainers include Loop Media, E W Scripps, AirNet Technology, 9F, Blue Hat Interactive, and Asset Entities, with increases ranging from 12.27% to 30.4%. On the downside, Lytus Technologies, Pop Culture Gr, Kore Group Holdings, Playtika Holding, and IHS Holding saw declines between 10.77% and 13.9%.

Portfolio Pulse from Benzinga Insights

March 04, 2024 | 5:34 pm

U.S. stocks were lower on Monday, with significant movements in several companies. Tesla's shares fell 5.4% due to a reported decline in China sales. Other notable movements include Avidity Biosciences dropping 16.6% after announcing trial data, New York Community Bancorp declining 13.6% due to identified material weaknesses, and Spirit Airlines dipping 12.1% after terminating its merger with JetBlue. Various other stocks also recorded losses.

Portfolio Pulse from Avi Kapoor

March 04, 2024 | 3:40 pm

Goldman Sachs has maintained its Neutral rating on Playtika Holding (NASDAQ:PLTK) but lowered its price target from $11.00 to $8.75. Playtika's shares are currently down 1.01% at $6.88, and the new target suggests a potential 27.18% increase. Playtika, a mobile game developer known for titles like Slotomania and Bingo Blitz, earns revenue primarily from the sale of virtual items in its games, with a significant portion of its business in the USA.

Portfolio Pulse from Benzinga Insights

February 27, 2024 | 5:00 pm

Goldman Sachs analyst Eric Sheridan has maintained a Neutral rating on Playtika Holding (NASDAQ:PLTK) and reduced the price target from $11 to $8.75.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:20 pm

Morgan Stanley analyst Brian Nowak has maintained an Equal-Weight rating on Playtika Holding (PLTK) but has lowered the price target from $10 to $7.5.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 4:02 pm

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