Playtika Holding Corp. (NASDAQ:PLTK) Receives $6.00 Consensus PT from Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has received a consensus recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $6.00.

PLTK has been the topic of several analyst reports. Loop Capital set a $3.75 price objective on Playtika in a research note on Monday, November 3rd. Wedbush reiterated an “outperform” rating and issued a $7.00 target price on shares of Playtika in a report on Friday, October 31st. Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, January 17th. Finally, Weiss Ratings upgraded Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th.

Playtika Stock Up 0.8%

Playtika stock opened at $3.56 on Friday. Playtika has a 52-week low of $3.31 and a 52-week high of $7.58. The firm’s fifty day moving average is $3.94 and its 200 day moving average is $3.93. The company has a market cap of $1.34 billion, a price-to-earnings ratio of 14.83, a PEG ratio of 2.03 and a beta of 0.84.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The firm had revenue of $674.60 million for the quarter, compared to the consensus estimate of $669.60 million. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. The business’s quarterly revenue was up 8.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.11 EPS. On average, equities research analysts anticipate that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.40 annualized dividend and a dividend yield of 11.2%. Playtika’s dividend payout ratio is currently 166.67%.

Hedge Funds Weigh In On Playtika

Hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. purchased a new stake in Playtika in the 2nd quarter worth about $27,000. Signaturefd LLC grew its stake in shares of Playtika by 129.8% during the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after buying an additional 5,147 shares during the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Playtika in the third quarter worth approximately $38,000. Orion Porfolio Solutions LLC purchased a new stake in shares of Playtika in the third quarter worth approximately $45,000. Finally, NorthCrest Asset Manangement LLC bought a new stake in shares of Playtika during the 3rd quarter worth approximately $46,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Company Profile

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.