Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) PT at $9.00

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned a consensus rating of “Hold” from the ten brokerages that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $9.00.

Several research analysts have weighed in on PLTK shares. Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Wedbush reissued an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Finally, Macquarie restated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research note on Friday, November 8th.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the firm’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the completion of the transaction, the insider now directly owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. This trade represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders have sold a total of 753,894 shares of company stock worth $6,239,985 in the last quarter. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Several large investors have recently modified their holdings of PLTK. KBC Group NV grew its holdings in Playtika by 19.3% during 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 during the last quarter. Captrust Financial Advisors boosted its stake 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 during the last quarter. GAMMA Investing LLC increased its position in Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares in the last quarter. SG Americas Securities LLC raised its stake in Playtika by 3.3% in the 3rd quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock valued at $787,000 after purchasing an additional 3,206 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after purchasing an additional 3,496 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Price Performance

Shares of Playtika stock opened at $7.07 on Friday. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.97 and a beta of 0.92. The firm’s fifty day simple moving average is $7.90 and its 200-day simple moving average is $7.68. Playtika has a 12 month low of $6.25 and a 12 month high of $9.15.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.07). The business had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. Playtika’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter last year, the company posted $0.19 EPS. Analysts anticipate that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.66%. 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.