Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) PT at $7.68

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned a consensus recommendation of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong 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 $7.68.

Several equities analysts have recently commented on the company. Morgan Stanley cut their price target on Playtika from $7.25 to $5.75 and set an “equal weight” rating on the stock in a research note on Thursday, April 17th. Wedbush raised shares of Playtika to a “strong-buy” rating in a research report on Tuesday, July 1st.

Insider Buying and Selling at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 150,869 shares of Playtika stock in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $4.77, for a total value of $719,645.13. Following the transaction, the insider owned 199,359,642 shares in the company, valued at $950,945,492.34. The trade was a 0.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 739,922 shares of company stock worth $3,548,194. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Several hedge funds have recently modified their holdings of PLTK. Covestor Ltd grew its position in shares of Playtika by 11.4% in the 4th quarter. Covestor Ltd now owns 14,103 shares of the company’s stock worth $98,000 after buying an additional 1,447 shares during the last quarter. Sterling Capital Management LLC boosted its stake in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after acquiring an additional 1,534 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Playtika by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock worth $3,726,000 after purchasing an additional 1,639 shares during the last quarter. SummerHaven Investment Management LLC increased its position in shares of Playtika by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company’s stock worth $534,000 after purchasing an additional 2,006 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Playtika by 3.0% during the fourth quarter. Invesco Ltd. now owns 78,390 shares of the company’s stock worth $544,000 after purchasing an additional 2,304 shares in the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Stock Performance

Playtika stock opened at $4.69 on Friday. The company has a market capitalization of $1.76 billion, a PE ratio of 12.34, a P/E/G ratio of 1.24 and a beta of 0.85. The company has a 50 day moving average price of $4.74 and a 200-day moving average price of $5.40. Playtika has a fifty-two week low of $3.97 and a fifty-two week high of $8.80.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a negative return on equity of 149.09% and a net margin of 5.37%. The firm had revenue of $706.00 million for the quarter, compared to analysts’ expectations of $699.67 million. During the same quarter in the previous year, the business earned $0.14 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. On average, analysts forecast that Playtika will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 7th. Stockholders of record on Monday, June 23rd were given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.53%. The ex-dividend date of this dividend was Monday, June 23rd. Playtika’s payout ratio is 105.26%.

Playtika Company Profile

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.