Playtika Holding Corp. (NASDAQ:PLTK) Given Average Rating of “Hold” by Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has earned an average rating of “Hold” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $7.78.

Several analysts have issued reports on the stock. Robert W. Baird reaffirmed a “neutral” rating and issued a $6.00 price objective (down previously from $9.00) on shares of Playtika in a research report on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Friday, May 2nd. Morgan Stanley lowered their price objective on shares of Playtika from $7.25 to $5.75 and set an “equal weight” rating for the company in a research report on Thursday, April 17th. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Citigroup decreased their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, March 7th.

Institutional Trading of Playtika

Hedge funds have recently made changes to their positions in the stock. Allworth Financial LP lifted its stake in Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after purchasing an additional 2,695 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after purchasing an additional 1,534 shares during the last quarter. GAMMA Investing LLC lifted its stake in Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares during the last quarter. US Bancorp DE lifted its stake in Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after purchasing an additional 4,946 shares during the last quarter. Finally, R Squared Ltd bought a new position in Playtika during the fourth quarter worth $57,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Up 0.8%

Shares of NASDAQ:PLTK opened at $5.06 on Monday. Playtika has a 52-week low of $3.97 and a 52-week high of $9.16. The company has a 50 day moving average of $4.96 and a two-hundred day moving average of $6.60. The company has a market capitalization of $1.90 billion, a price-to-earnings ratio of 8.72, a price-to-earnings-growth ratio of 1.69 and a beta of 0.91.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, equities analysts anticipate that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date is Monday, June 23rd. Playtika’s payout ratio is currently 105.26%.

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.