Playtika Holding Corp. (NASDAQ:PLTK) Receives $6.66 Average Target Price from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $6.3333.

Several analysts have issued reports on the company. Wedbush reaffirmed an “outperform” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, October 31st. Loop Capital set a $3.75 target price on Playtika in a research report on Monday. Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. UBS Group dropped their target price on Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Playtika in a research report on Wednesday, October 8th.

Hedge Funds Weigh In On Playtika

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP lifted its position 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 period. Ameritas Investment Partners Inc. bought a new stake in Playtika during the second quarter worth about $27,000. Quarry LP bought a new stake in Playtika during the first quarter worth about $29,000. US Bancorp DE lifted its position 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 period. Finally, Brooklyn Investment Group lifted its position in Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock worth $35,000 after purchasing an additional 6,674 shares during the period. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

PLTK opened at $3.75 on Monday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 15.63, a P/E/G ratio of 1.23 and a beta of 0.85. The stock’s 50 day moving average price is $3.65 and its 200-day moving average price is $4.29. Playtika has a one year low of $3.31 and a one year high of $8.80.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The business had revenue of $696.00 million for the quarter, compared to the consensus estimate of $706.03 million. During the same period in the prior year, the company posted $0.23 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. As a group, analysts predict that Playtika will post 0.65 earnings per share for the current fiscal year.

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.