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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received an average rating of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $9.25.

Several research firms have weighed in on PLTK. Roth Mkm lifted their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of Playtika stock in a transaction dated 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 transaction, the insider now owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. This trade represents a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Over the last ninety days, insiders sold 753,894 shares of company stock valued at $6,239,985. Corporate insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Institutional investors have recently added to or reduced their stakes in the company. Entropy Technologies LP purchased a new position in shares of Playtika during the fourth quarter worth approximately $84,000. Wilmington Savings Fund Society FSB bought a new position in Playtika in the fourth quarter worth approximately $187,000. Choreo LLC increased its holdings in Playtika by 14.9% during the 4th quarter. Choreo LLC now owns 12,485 shares of the company’s stock worth $90,000 after purchasing an additional 1,619 shares during the period. R Squared Ltd bought a new stake in Playtika during the 4th quarter valued at $57,000. Finally, KBC Group NV lifted its holdings in shares of Playtika by 166.1% in the 4th quarter. KBC Group NV now owns 20,808 shares of the company’s stock worth $144,000 after buying an additional 12,988 shares during the period. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

Shares of PLTK opened at $7.33 on Wednesday. The stock’s 50-day simple moving average is $7.51 and its 200 day simple moving average is $7.61. Playtika has a 52-week low of $6.25 and a 52-week high of $9.15. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.

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

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.46%. Playtika’s payout ratio is 68.97%.

Playtika Company Profile

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.