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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $4.6786.

A number of equities analysts have issued reports on PLTK shares. Wall Street Zen downgraded shares of Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Citigroup lowered their target price on shares of Playtika from $7.00 to $5.50 and set a “buy” rating for the company in a report on Friday, February 20th. The Goldman Sachs Group dropped their price target on shares of Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Wedbush cut shares of Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a report on Monday, March 2nd. Finally, Weiss Ratings downgraded shares of Playtika from a “hold (c-)” rating to a “sell (d)” rating in a research report on Monday, March 2nd.

Playtika Stock Down 4.8%

Shares of Playtika stock opened at $2.78 on Friday. Playtika has a 52 week low of $2.67 and a 52 week high of $5.59. The business has a 50 day moving average price of $3.49 and a 200-day moving average price of $3.71. The company has a market cap of $1.05 billion, a PE ratio of -5.15, a price-to-earnings-growth ratio of 1.88 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, February 26th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.96). The company had revenue of $678.80 million for the quarter, compared to analysts’ expectations of $660.32 million. Playtika had a negative net margin of 7.49% and a negative return on equity of 114.29%. The firm’s quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.04) EPS. As a group, research analysts anticipate that Playtika will post 0.65 EPS for the current year.

Institutional Trading of Playtika

A number of institutional investors and hedge funds have recently modified their holdings of the business. Ameritas Investment Partners Inc. bought a new stake in Playtika during the second quarter worth $27,000. Kestra Advisory Services LLC purchased a new stake in shares of Playtika during the 4th quarter valued at $32,000. Signaturefd LLC increased its position in shares of Playtika by 129.8% during the 4th quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after purchasing an additional 5,147 shares during the last quarter. Comerica Bank raised its stake in shares of Playtika by 278.9% during the 4th quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after purchasing an additional 6,704 shares during the period. Finally, Jackson Thornton Wealth Management LLC bought a new stake in shares of Playtika during the 3rd quarter worth $38,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Company Profile

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.