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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned a consensus recommendation of “Hold” from the seven analysts that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $4.1071.

Several analysts have recently weighed in on the stock. TD Cowen reiterated a “buy” rating on shares of Playtika in a research note on Tuesday, June 9th. The Goldman Sachs Group set a $3.75 price target on shares of Playtika in a report on Friday. Wall Street Zen raised shares of Playtika from a “hold” rating to a “buy” rating in a research note on Saturday. Roth Capital upped their price objective on shares of Playtika from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, May 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Playtika in a research report on Friday, May 29th.

Hedge Funds Weigh In On Playtika

Hedge funds have recently added to or reduced their stakes in the stock. Denali Advisors LLC bought a new position in Playtika during the 2nd quarter valued at $3,294,000. BlackRock Inc. purchased a new stake in shares of Playtika in the second quarter valued at about $22,230,000. Pallas Capital Advisors LLC purchased a new stake in shares of Playtika in the second quarter valued at about $45,000. Deutsche Bank AG bought a new position in shares of Playtika during the second quarter valued at about $205,000. Finally, Bank of New York Mellon Corp bought a new position in shares of Playtika during the second quarter valued at about $946,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Performance

Playtika stock opened at $2.80 on Thursday. The firm has a market cap of $1.07 billion, a price-to-earnings ratio of -3.84 and a beta of 1.09. Playtika has a 52-week low of $2.64 and a 52-week high of $4.42. The firm has a 50 day moving average price of $3.65 and a two-hundred day moving average price of $3.42.

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.