Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Recommendation of “Hold” from Analysts

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $6.00.

A number of equities research analysts recently commented on the company. Wedbush reaffirmed an “outperform” rating and set a $7.00 price objective on shares of Playtika in a research note on Friday, October 31st. Weiss Ratings upgraded Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Loop Capital set a $3.75 price target on Playtika in a research note on Monday, November 3rd. Finally, Wall Street Zen lowered shares of Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th.

Institutional Trading of Playtika

Several hedge funds have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. acquired a new position in Playtika in the second quarter valued at about $27,000. Kestra Advisory Services LLC bought a new position in shares of Playtika during the 4th quarter valued at about $32,000. Signaturefd LLC grew its position in shares of Playtika by 129.8% in the 4th quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after purchasing an additional 5,147 shares during the period. Comerica Bank increased its stake in Playtika by 278.9% during the 4th quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after purchasing an additional 6,704 shares in the last quarter. Finally, Jackson Thornton Wealth Management LLC bought a new stake in Playtika during the 3rd quarter worth approximately $38,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Performance

Shares of PLTK stock opened at $3.41 on Wednesday. The firm’s 50 day moving average price is $3.76 and its two-hundred day moving average price is $3.79. Playtika has a 52-week low of $3.25 and a 52-week high of $7.48. The stock has a market cap of $1.28 billion, a PE ratio of 14.21, a PEG ratio of 1.87 and a beta of 0.84.

About Playtika

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.