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

Playtika Holding Corp. (NASDAQ:PLTK) has received an average recommendation of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $4.3750.

A number of brokerages have weighed in on PLTK. The Goldman Sachs Group decreased their price objective on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a report on Monday, March 2nd. Weiss Ratings lowered Playtika from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 2nd. Citigroup decreased their price objective on Playtika from $7.00 to $5.50 and set a “buy” rating on the stock in a report on Friday, February 20th. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Finally, Wedbush lowered Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price objective on the stock. in a report on Monday, March 2nd.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of Playtika in the 2nd quarter worth $27,000. Kestra Advisory Services LLC purchased a new position in shares of Playtika during the 4th quarter worth $32,000. Comerica Bank raised its holdings in shares of Playtika by 278.9% during the 4th quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after acquiring an additional 6,704 shares during the period. Signaturefd LLC raised its holdings in shares of Playtika by 129.8% during the 4th quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock worth $36,000 after acquiring an additional 5,147 shares during the period. Finally, ProShare Advisors LLC purchased a new position in shares of Playtika during the 4th quarter worth $41,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $3.20 on Thursday. Playtika has a 1 year low of $2.64 and a 1 year high of $5.59. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of -5.93 and a beta of 0.88. The business’s 50 day moving average price is $3.12 and its 200-day moving average price is $3.59.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, February 26th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.96). The business had revenue of $678.80 million for the quarter, compared to analysts’ expectations of $660.32 million. Playtika had a negative net margin of 7.49% and a negative return on equity of 114.29%. The company’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter last year, the business earned ($0.04) EPS. On average, sell-side analysts expect that Playtika will post 0.65 earnings per share for the current year.

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.