Playtika (NASDAQ:PLTK) Research Coverage Started at UBS Group

UBS Group initiated coverage on shares of Playtika (NASDAQ:PLTK) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued a neutral rating and a $8.50 target price on the stock.

A number of other equities analysts also recently commented on the stock. Roth Mkm upped their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a neutral rating in a research note on Friday, May 10th. The Goldman Sachs Group dropped their target price on shares of Playtika from $11.00 to $8.75 and set a neutral rating on the stock in a research note on Tuesday, February 27th. Robert W. Baird upped their target price on shares of Playtika from $9.00 to $10.00 and gave the stock an outperform rating in a research note on Friday, May 10th. Macquarie downgraded shares of Playtika from an outperform rating to a neutral rating and set a $9.00 target price on the stock. in a research note on Thursday, June 13th. Finally, Morgan Stanley dropped their price objective on shares of Playtika from $10.00 to $7.50 and set an equal weight rating on the stock in a research note on Tuesday, February 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Playtika currently has an average rating of Hold and an average price target of $10.06.

Playtika Price Performance

Playtika stock opened at $7.96 on Monday. Playtika has a 1-year low of $6.25 and a 1-year high of $12.90. The firm has a market capitalization of $2.95 billion, a P/E ratio of 14.47, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. The company’s 50-day moving average is $8.22 and its 200 day moving average is $7.77.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.15 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.15. Playtika had a net margin of 7.96% and a negative return on equity of 94.21%. The company had revenue of $651.20 million for the quarter, compared to analyst estimates of $642.38 million. Research analysts anticipate that Playtika will post 0.67 earnings per share for the current fiscal year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 5.03%. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

Insider Buying and Selling

In other Playtika news, insider Gili Brudno sold 67,250 shares of Playtika stock in a transaction on Monday, May 13th. The shares were sold at an average price of $8.72, for a total value of $586,420.00. Following the completion of the transaction, the insider now owns 201,750 shares of the company’s stock, valued at $1,759,260. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.80% of the stock is currently owned by corporate insiders.

Institutional Trading of Playtika

Several institutional investors have recently modified their holdings of the stock. UBS Group AG raised its stake in shares of Playtika by 86.3% in the 3rd quarter. UBS Group AG now owns 289,717 shares of the company’s stock valued at $2,790,000 after acquiring an additional 134,195 shares during the period. The Manufacturers Life Insurance Company increased its stake in Playtika by 185.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock worth $23,267,000 after buying an additional 1,568,593 shares during the period. Alaska Permanent Fund Corp increased its stake in Playtika by 362.8% during the 1st quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock worth $1,591,000 after buying an additional 176,913 shares during the period. Dynamic Advisor Solutions LLC purchased a new stake in Playtika during the 4th quarter worth approximately $102,000. Finally, LSV Asset Management increased its stake in Playtika by 62.9% during the 4th quarter. LSV Asset Management now owns 7,500,132 shares of the company’s stock worth $65,401,000 after buying an additional 2,896,619 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

About Playtika

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.