Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $9.25

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus rating of “Hold” by the eight research firms that are presently covering the stock, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $9.25.

A number of analysts have commented on the company. Macquarie reiterated a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Roth Mkm raised their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th.

Playtika Stock Performance

Playtika stock opened at $7.25 on Wednesday. Playtika has a one year low of $6.25 and a one year high of $9.15. The company has a market cap of $2.70 billion, a P/E ratio of 12.50, a price-to-earnings-growth ratio of 1.70 and a beta of 0.92. The business has a fifty day moving average of $7.39 and a two-hundred day moving average of $7.58.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The company had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.19 earnings per share. Sell-side analysts predict that Playtika will post 0.65 EPS for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.52%. Playtika’s dividend payout ratio (DPR) is presently 68.97%.

Insider Buying and Selling at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the sale, the insider now directly owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Over the last 90 days, insiders sold 753,894 shares of company stock valued at $6,239,985. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Institutional investors have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. increased its position in shares of Playtika by 8.8% during the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock valued at $81,177,000 after purchasing an additional 829,372 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock worth $4,592,000 after purchasing an additional 663,700 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Playtika by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Playtika by 128.3% in the fourth quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company’s stock worth $2,499,000 after purchasing an additional 202,391 shares during the period. Finally, Edgestream Partners L.P. bought a new stake in shares of Playtika in the third quarter valued at about $1,473,000. 11.94% of the stock is owned by institutional investors and hedge funds.

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.