Playtika Holding Corp. (NASDAQ:PLTK) Receives $6.66 Consensus Price Target from Analysts

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned an average recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $6.6563.

A number of research analysts have commented on the stock. Wedbush cut their price target on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating for the company in a research note on Friday, August 8th. Wall Street Zen raised shares of Playtika from a “hold” rating to a “buy” rating in a report on Saturday, August 9th. Finally, UBS Group dropped their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 11th.

Playtika Stock Up 0.3%

Shares of PLTK opened at $3.59 on Friday. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 14.96, a P/E/G ratio of 1.21 and a beta of 0.84. Playtika has a 12 month low of $3.52 and a 12 month high of $8.80. The company has a 50-day moving average price of $4.08 and a two-hundred day moving average price of $4.61.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.13). The business had revenue of $696.00 million for the quarter, compared to the consensus estimate of $706.03 million. Playtika had a negative return on equity of 83.90% and a net margin of 3.23%.The firm’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.23 EPS. Playtika has set its FY 2025 guidance at EPS. Equities research analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 11.1%. Playtika’s dividend payout ratio (DPR) is presently 166.67%.

Institutional Trading of Playtika

Several hedge funds have recently modified their holdings of PLTK. Allworth Financial LP increased its holdings in shares of Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after purchasing an additional 2,695 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new stake in shares of Playtika in the second quarter valued at approximately $27,000. Quarry LP acquired a new stake in shares of Playtika in the first quarter valued at approximately $29,000. US Bancorp DE increased its holdings in shares of Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company’s stock valued at $35,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Brooklyn Investment Group increased its holdings in shares of Playtika by 15,890.5% in the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after purchasing an additional 6,674 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

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.