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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned a consensus rating of “Hold” from the twelve ratings firms that are currently covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $14.55.

A number of brokerages recently commented on PLTK. HSBC started coverage on Playtika in a report on Tuesday, July 25th. They set a “buy” rating and a $15.80 price target on the stock. Wedbush reissued an “outperform” rating and issued a $14.75 price target on shares of Playtika in a report on Tuesday, August 8th. Finally, Credit Suisse Group restated an “outperform” rating and set a $19.00 price objective on shares of Playtika in a report on Wednesday, August 9th.

Playtika Price Performance

PLTK opened at $8.73 on Monday. The firm’s fifty day moving average price is $9.42 and its two-hundred day moving average price is $10.41. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 10.27, a P/E/G ratio of 0.99 and a beta of 0.86. Playtika has a 1 year low of $7.81 and a 1 year high of $12.90.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PLTK. SG Americas Securities LLC bought a new position in shares of Playtika in the first quarter worth $1,373,000. Mackenzie Financial Corp purchased a new position in Playtika during the 1st quarter valued at about $241,000. Measured Wealth Private Client Group LLC bought a new stake in shares of Playtika during the second quarter valued at about $152,000. Martingale Asset Management L P increased its position in shares of Playtika by 62.1% during the first quarter. Martingale Asset Management L P now owns 27,959 shares of the company’s stock valued at $315,000 after buying an additional 10,713 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in shares of Playtika by 19.1% in the first quarter. Pacer Advisors Inc. now owns 2,299,879 shares of the company’s stock worth $25,897,000 after buying an additional 369,621 shares in the last quarter. 11.94% of the stock is currently owned by hedge funds and other 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.