Bragar Eagel & Squire, P.C., a nationally recognized stockholder rights law firm, is investigating potential claims against Playtika Holding Corp. (“Playtika” or the “Company”) (NASDAQ: PLTK) on behalf of Playtika stockholders. Our investigation concerns whether Playtika has violated the federal securities laws and/or engaged in other unlawful business practices.
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On or around January 15, 2021, Playtika conducted its initial public offering (“IPO”), selling 18.5 million shares of common stock priced at $27.00 per share. Then, on May 11, 2021, Playtika announced its financial results for the first quarter of 2021. While the Company’s revenue beat expectations by $57.97 million, its GAAP earnings per share ("EPS") of $0.09 missed consensus estimates by $0.04. On this news, Playtika’s stock price fell $0.93 per share, or 3.47%, to close at $25.89 per share on May 11, 2021.
Then, on November 3, 2021, Playtika announced its financial results for the third quarter of 2021. Among other items, Playtika reported revenue of $635.9 million, missing consensus estimates by $26.07 million, and GAAP EPS of $0.20, missing consensus estimates by $0.05.
On this news, Playtika’s stock price fell $6.80, or 23%, to close at $22.72 per share on November 3, 2021, thereby injuring investors further.
If you purchased or otherwise acquired Playtika shares and suffered a loss, are a long-term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker or Alexandra Raymond by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
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