Playtika Slips Again as Investors Look for a Spark
Playtika Holding Corp. shares fell 5 cents to $3.15 on Thursday, underperforming small-cap peers as the Russell 2000 rose 1.4%. The company reported a first-quarter net loss of $57.5 million despite revenue rising 5.5% to $744.7 million. Adjusted EBITDA dropped 25.2% to $125.2 million. Analyst Eric Handler maintained a Hold rating, raising his price target to $3.50.