Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) Target Price at $4.11

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average recommendation of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $4.00.

PLTK has been the topic of a number of research reports. Roth Capital reduced their price target on shares of Playtika from $3.50 to $2.75 and set a “neutral” rating on the stock in a report on Monday. The Goldman Sachs Group set a $3.75 price objective on Playtika in a research report on Friday, August 7th. Wall Street Zen lowered shares of Playtika from a “buy” rating to a “hold” rating in a report on Saturday, August 22nd. Wedbush boosted their price target on shares of Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Playtika in a research note on Wednesday, August 26th.

Playtika Stock Performance

PLTK stock opened at $2.24 on Monday. Playtika has a one year low of $2.09 and a one year high of $4.42. The company’s fifty day moving average price is $3.32 and its 200-day moving average price is $3.28. The company has a market capitalization of $854.38 million, a PE ratio of -3.07 and a beta of 1.00.

Institutional Trading of Playtika

Hedge funds have recently made changes to their positions in the business. Kestra Advisory Services LLC purchased a new position in Playtika in the fourth quarter worth about $32,000. Comerica Bank raised its position in Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock valued at $36,000 after purchasing an additional 6,704 shares during the period. Independent Financial Group LLC purchased a new stake in Playtika during the first quarter valued at approximately $28,000. ProShare Advisors LLC bought a new stake in shares of Playtika in the 4th quarter valued at approximately $41,000. Finally, Keynote Financial Services LLC purchased a new position in shares of Playtika in the 4th quarter worth approximately $41,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

About Playtika

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.