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

Playtika Holding Corp. (NASDAQ:PLTK) has received an average recommendation of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $6.00.

A number of research analysts have weighed in on PLTK shares. Wedbush reaffirmed an “outperform” rating and set a $7.00 target price on shares of Playtika in a report on Friday, October 31st. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Playtika in a research report on Monday, December 15th. Loop Capital set a $3.75 price objective on Playtika in a research note on Monday, November 3rd. Finally, UBS Group dropped their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 11th.

Playtika Price Performance

PLTK stock opened at $4.11 on Tuesday. The firm has a market cap of $1.55 billion, a PE ratio of 17.13, a P/E/G ratio of 3.87 and a beta of 0.84. The business has a 50 day moving average of $3.95 and a 200-day moving average of $4.09. Playtika has a 12-month low of $3.31 and a 12-month high of $7.58.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Playtika had a negative return on equity of 114.44% and a net margin of 3.16%.The firm had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 8.7% compared to the same quarter last year. On average, research analysts expect that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date of this dividend is Friday, December 26th. Playtika’s payout ratio is currently 166.67%.

Institutional Trading of Playtika

Hedge funds have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new position in Playtika in the second quarter valued at $27,000. Quarry LP purchased a new position in shares of Playtika in the 1st quarter worth about $29,000. Brooklyn Investment Group increased its position in shares of Playtika by 15,890.5% during the 1st 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 during the last quarter. Jackson Thornton Wealth Management LLC purchased a new position in shares of Playtika during the 3rd quarter valued at about $38,000. Finally, Orion Porfolio Solutions LLC purchased a new position in shares of Playtika during the 3rd quarter valued at about $45,000. 11.94% of the stock is owned by institutional investors.

About Playtika

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.