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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received a consensus recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $9.18.

A number of research firms recently weighed in on PLTK. Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Roth Mkm lifted their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Macquarie reissued a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Finally, Morgan Stanley upped their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research note on Tuesday, July 23rd.

Hedge Funds Weigh In On Playtika

Several institutional investors have recently made changes to their positions in the stock. KBC Group NV increased its position in Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Playtika by 0.8% during the first quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after acquiring an additional 1,495 shares in the last quarter. Captrust Financial Advisors increased its holdings in shares of Playtika by 14.3% during the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after acquiring an additional 2,694 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Playtika by 3.3% during the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after purchasing an additional 3,206 shares during the period. Finally, Dynamic Advisor Solutions LLC lifted its holdings in shares of Playtika by 16.8% in the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock worth $179,000 after purchasing an additional 3,265 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Down 0.4 %

Shares of PLTK stock opened at $8.42 on Friday. The stock’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $7.88. Playtika has a twelve month low of $6.25 and a twelve month high of $9.23. The firm has a market capitalization of $3.14 billion, a P/E ratio of 14.52, a P/E/G ratio of 2.18 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same quarter last year, the business earned $0.19 EPS. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. As a group, equities research analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Friday, December 20th. Playtika’s payout ratio is 68.97%.

Playtika Company Profile

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.