Playtika (NASDAQ:PLTK) Trading Down 1.3%

Playtika Holding Corp. (NASDAQ:PLTK) traded down 1.3% on Monday . The company traded as low as $9.66 and last traded at $9.66. 34,072 shares traded hands during mid-day trading, a decline of 97% from the average session volume of 1,149,609 shares. The stock had previously closed at $9.79.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Bank of America upgraded Playtika from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $10.00 to $13.00 in a report on Friday, July 7th. Wedbush restated an “outperform” rating and issued a $14.75 target price on shares of Playtika in a research note on Tuesday, August 8th. Wells Fargo & Company assumed coverage on shares of Playtika in a research note on Tuesday, June 27th. They set an “equal weight” rating and a $12.00 price target for the company. 3M reiterated an “initiates” rating on shares of Playtika in a report on Tuesday, June 27th. Finally, Credit Suisse Group restated an “outperform” rating and set a $19.00 target price on shares of Playtika in a report on Wednesday, August 9th. Nine investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.55.

Playtika Price Performance

The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 11.28, a P/E/G ratio of 1.08 and a beta of 0.83. The stock has a 50-day moving average of $11.24 and a 200-day moving average of $10.77.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.21 EPS for the quarter, meeting analysts’ consensus estimates of $0.21. The business had revenue of $642.80 million during the quarter, compared to the consensus estimate of $651.25 million. Playtika had a negative return on equity of 86.29% and a net margin of 12.24%. Playtika’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. On average, equities analysts expect that Playtika Holding Corp. will post 0.86 EPS for the current fiscal year.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder On Chau sold 400,000 shares of the firm’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $11.89, for a total value of $4,756,000.00. Following the sale, the insider now owns 79,910,506 shares of the company’s stock, valued at approximately $950,135,916.34. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Playtika

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Prelude Capital Management LLC raised its position in Playtika by 9.7% in the first quarter. Prelude Capital Management LLC now owns 12,069 shares of the company’s stock valued at $233,000 after purchasing an additional 1,067 shares during the last quarter. Citigroup Inc. raised its holdings in Playtika by 0.4% in the 2nd quarter. Citigroup Inc. now owns 345,700 shares of the company’s stock valued at $4,010,000 after buying an additional 1,207 shares during the last quarter. Sei Investments Co. boosted its position in Playtika by 1.4% during the 2nd quarter. Sei Investments Co. now owns 95,847 shares of the company’s stock worth $1,271,000 after buying an additional 1,348 shares during the period. State Board of Administration of Florida Retirement System grew its holdings in Playtika by 3.7% during the 4th quarter. State Board of Administration of Florida Retirement System now owns 44,952 shares of the company’s stock worth $383,000 after acquiring an additional 1,620 shares during the last quarter. Finally, Commerce Bank increased its position in Playtika by 4.1% in the 1st quarter. Commerce Bank now owns 44,918 shares of the company’s stock valued at $506,000 after acquiring an additional 1,752 shares during the period. 11.94% of the stock is owned by institutional investors.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and direct-to-consumer platforms.