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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received an average rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.43.

PLTK has been the topic of several analyst reports. Wedbush dropped their price target on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Bank of America lowered shares of Playtika from a “neutral” rating to an “underperform” rating and lowered their price objective for the company from $11.00 to $8.00 in a research note on Thursday, January 18th. HSBC lowered shares of Playtika from a “buy” rating to a “hold” rating and lowered their price objective for the company from $14.90 to $8.00 in a research note on Monday, January 22nd. The Goldman Sachs Group lowered their price objective on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Finally, Stifel Nicolaus lowered their price objective on shares of Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research note on Friday, February 23rd.

Playtika Trading Up 1.6 %

Shares of NASDAQ:PLTK opened at $7.16 on Monday. The firm’s 50 day moving average is $7.08 and its two-hundred day moving average is $7.81. Playtika has a 52 week low of $6.25 and a 52 week high of $12.90. The firm has a market capitalization of $2.65 billion, a P/E ratio of 11.19, a PEG ratio of 1.06 and a beta of 0.84.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The firm had revenue of $637.90 million during the quarter, compared to analyst estimates of $630.26 million. During the same quarter in the previous year, the business posted $0.24 EPS. Playtika’s revenue for the quarter was up 1.1% compared to the same quarter last year. Analysts predict that Playtika will post 0.69 EPS for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 5.59%. Playtika’s payout ratio is presently 62.50%.

Institutional Investors Weigh In On Playtika

A number of institutional investors have recently bought and sold shares of PLTK. LSV Asset Management boosted its position in Playtika by 219.3% during the 3rd quarter. LSV Asset Management now owns 4,603,513 shares of the company’s stock worth $44,332,000 after acquiring an additional 3,161,580 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of Playtika by 185.1% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock valued at $23,267,000 after buying an additional 1,568,593 shares during the last quarter. Pacer Advisors Inc. lifted its holdings in shares of Playtika by 41.9% during the 4th quarter. Pacer Advisors Inc. now owns 4,494,488 shares of the company’s stock valued at $39,192,000 after buying an additional 1,327,596 shares during the last quarter. Ibex Investors LLC acquired a new stake in shares of Playtika during the 3rd quarter valued at about $9,695,000. Finally, Jacobs Levy Equity Management Inc. lifted its holdings in shares of Playtika by 105.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 785,429 shares of the company’s stock valued at $7,564,000 after buying an additional 402,821 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

About Playtika

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.