Playtika (NASDAQ:PLTK) Stock Rating Lowered by Macquarie

Macquarie cut shares of Playtika (NASDAQ:PLTK) from an outperform rating to a neutral rating in a research note issued to investors on Thursday morning, Marketbeat reports. The brokerage currently has $9.00 price objective on the stock.

A number of other equities analysts have also recently commented on PLTK. The Goldman Sachs Group reduced their target price on Playtika from $11.00 to $8.75 and set a neutral rating for the company in a report on Tuesday, February 27th. Wedbush decreased their price objective on Playtika from $14.75 to $11.50 and set an outperform rating on the stock in a report on Tuesday, February 27th. Stifel Nicolaus dropped their target price on shares of Playtika from $12.00 to $11.00 and set a buy rating for the company in a report on Friday, February 23rd. Roth Mkm increased their target price on shares of Playtika from $8.00 to $9.00 and gave the company a neutral rating in a research report on Friday, May 10th. Finally, Robert W. Baird boosted their price target on shares of Playtika from $9.00 to $10.00 and gave the stock an outperform rating in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of Hold and an average target price of $10.19.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $8.27 on Thursday. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of 15.04, a price-to-earnings-growth ratio of 1.53 and a beta of 0.87. The business’s 50 day moving average price is $8.03 and its 200-day moving average price is $7.79. Playtika has a 1 year low of $6.25 and a 1 year high of $12.90.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The business had revenue of $651.20 million for the quarter, compared to the consensus estimate of $642.38 million. Playtika had a net margin of 7.96% and a negative return on equity of 94.21%. On average, sell-side analysts expect that Playtika will post 0.67 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.40 annualized dividend and a yield of 4.84%. Playtika’s payout ratio is 72.73%.

Insider Buying and Selling at Playtika

In other news, insider Gili Brudno sold 67,250 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $8.72, for a total transaction of $586,420.00. Following the completion of the transaction, the insider now directly owns 201,750 shares in the company, valued at approximately $1,759,260. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Playtika

A number of hedge funds have recently made changes to their positions in PLTK. Quent Capital LLC lifted its stake in Playtika by 109.1% during the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after purchasing an additional 1,613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Playtika in the 3rd quarter valued at $33,000. International Assets Investment Management LLC lifted its stake in Playtika by 772.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock worth $34,000 after acquiring an additional 3,474 shares in the last quarter. Banque Cantonale Vaudoise purchased a new position in Playtika during the 1st quarter valued at about $82,000. Finally, Delap Wealth Advisory LLC acquired a new position in Playtika in the 1st quarter valued at about $84,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.