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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned a consensus rating of “Hold” from the eight analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $6.00.

A number of research firms have weighed in on PLTK. Wedbush restated an “outperform” rating and set a $7.00 target price on shares of Playtika in a report on Friday, October 31st. Weiss Ratings upgraded Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Loop Capital set a $3.75 price objective on Playtika in a research report on Monday, November 3rd. Finally, Wall Street Zen downgraded shares of Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th.

Playtika Price Performance

Shares of Playtika stock opened at $3.61 on Wednesday. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.13 and a beta of 0.84. The firm’s 50-day moving average is $3.85 and its two-hundred day moving average is $3.83. Playtika has a 1 year low of $3.31 and a 1 year high of $7.55.

Institutional Investors Weigh In On Playtika

Several institutional investors have recently bought and sold shares of PLTK. AQR Capital Management LLC increased its position in shares of Playtika by 65.7% during the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock worth $29,630,000 after purchasing an additional 2,511,228 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Playtika by 20.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after buying an additional 679,564 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Playtika by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock valued at $17,541,000 after buying an additional 595,494 shares in the last quarter. Vanguard Group Inc. raised its stake in Playtika by 15.7% in the third quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock valued at $12,416,000 after buying an additional 432,060 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Playtika by 27.4% in the second quarter. Acadian Asset Management LLC now owns 1,971,608 shares of the company’s stock worth $9,311,000 after acquiring an additional 423,779 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.