SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Playtika Holding Corp. – PLTK
NEW YORK, Nov. 18, 2021 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Playtika Holding Corp. (“Lightspeed” or the “Company”) (NASDAQ: PLTK). Such investors are advised to contact Robert S. Willoughby at [email protected] or 888-476-6529, ext. 7980.
The investigation concerns whether Playtika and certain of its officers and/or directors have engaged in securities fraud or 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 sharply during intraday trading on November 3, 2021.
Pomerantz LLP, with offices in New York, Chicago, Los Angeles, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com.
CONTACT:
Robert S. Willoughby
Pomerantz LLP
[email protected]
888-476-6529 ext. 7980
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