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

Playtika Holding Corp. (NASDAQ:PLTK) has been given an average rating of “Hold” by the ten brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.

A number of research firms recently commented on PLTK. Wedbush reaffirmed an “outperform” rating and set a $11.50 price target on shares of Playtika in a research report on Thursday, September 19th. Roth Mkm raised their price target on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a report on Friday, November 8th.

Playtika Price Performance

Shares of PLTK opened at $7.00 on Friday. The firm has a 50-day moving average of $7.92 and a 200-day moving average of $7.69. Playtika has a one year low of $6.25 and a one year high of $9.15. The company has a market cap of $2.61 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. During the same period in the prior year, the company earned $0.19 EPS. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. Analysts expect that Playtika will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 5.71%. The ex-dividend date was Friday, December 20th. Playtika’s payout ratio is 68.97%.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.69, for a total value of $845,241.54. Following the completion of the sale, the insider now owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. The trade was a 0.05 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 753,894 shares of company stock valued at $6,239,985 over the last 90 days. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTK. Pacer Advisors Inc. raised its stake in shares of Playtika by 8.8% in the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock worth $81,177,000 after buying an additional 829,372 shares during the period. AQR Capital Management LLC boosted its position in shares of Playtika by 66.6% in the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after purchasing an additional 3,132,272 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Playtika by 13.9% in the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock worth $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Playtika by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company’s stock valued at $16,577,000 after purchasing an additional 32,802 shares during the period. Finally, FMR LLC lifted its stake in shares of Playtika by 1.2% during the 3rd quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after buying an additional 15,471 shares in the last quarter. Institutional investors 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.