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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned an average rating of “Hold” from the twelve ratings firms that are covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $9.29.

Several research analysts have recently issued reports on the company. Macquarie cut Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price objective for the company. in a research report on Thursday, June 13th. Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. UBS Group assumed coverage on Playtika in a report on Monday, June 24th. They set a “neutral” rating and a $8.50 price target for the company. Roth Mkm cut their target price on Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, August 8th. Finally, Morgan Stanley boosted their price objective on shares of Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a report on Tuesday, July 23rd.

Institutional Trading of Playtika

A number of hedge funds have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Playtika in the 2nd quarter worth about $31,000. Versant Capital Management Inc acquired a new position in Playtika during the second quarter valued at approximately $36,000. Acadian Asset Management LLC purchased a new stake in Playtika during the second quarter worth approximately $43,000. Headlands Technologies LLC increased its position in shares of Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Commerce Bank acquired a new stake in shares of Playtika in the fourth quarter worth $88,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Down 0.3 %

Shares of PLTK opened at $7.92 on Thursday. The firm’s 50 day moving average price is $7.46 and its 200 day moving average price is $7.67. The company has a market cap of $2.94 billion, a P/E ratio of 14.40, a PEG ratio of 1.62 and a beta of 0.85. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $9.87.

Playtika (NASDAQ:PLTK) last released its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $627.00 million during the quarter, compared to analyst estimates of $640.27 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. Playtika’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. Research analysts forecast that Playtika will post 0.73 earnings per share for the current year.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date of this dividend is Friday, September 20th. Playtika’s dividend payout ratio is presently 72.73%.

About Playtika

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.