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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given an average rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $3.7857.

PLTK has been the subject of a number of recent analyst reports. Wedbush upped their price objective on Playtika from $3.00 to $4.00 and gave the company a “neutral” rating in a research note on Monday, August 3rd. The Goldman Sachs Group set a $3.75 price target on shares of Playtika in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a research note on Wednesday, August 26th. Roth Capital decreased their price target on shares of Playtika from $3.50 to $2.75 and set a “neutral” rating for the company in a research note on Monday. Finally, Morgan Stanley set a $4.25 price objective on Playtika in a research note on Monday, August 10th.

Playtika Stock Down 1.8%

PLTK stock opened at $2.20 on Monday. The firm has a market cap of $839.12 million, a PE ratio of -3.01 and a beta of 1.00. The business has a 50 day moving average of $3.26 and a 200-day moving average of $3.26. Playtika has a 12-month low of $2.09 and a 12-month high of $4.42.

Hedge Funds Weigh In On Playtika

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Playtika in the 2nd quarter worth approximately $22,230,000. AQR Capital Management LLC raised its position in shares of Playtika by 65.7% during the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after buying an additional 2,511,228 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of Playtika by 536.3% during the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after acquiring an additional 1,141,685 shares during the last quarter. Man Group plc bought a new stake in shares of Playtika during the 2nd quarter worth $2,554,000. Finally, Arrowstreet Capital Limited Partnership grew its position in Playtika by 20.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after acquiring an additional 679,564 shares in the last quarter. Institutional investors own 11.94% of the company’s stock.

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.