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

Playtika Holding Corp. (NASDAQ:PLTK) has received an average recommendation of “Hold” from the eleven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $9.18.

A number of equities analysts have recently weighed in on the company. Macquarie reaffirmed a “neutral” rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research note on Thursday, September 19th. Morgan Stanley upped their price objective on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Roth Mkm upped their price objective on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th.

Institutional Investors Weigh In On Playtika

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co raised its position in Playtika by 107.6% during the third quarter. Paloma Partners Management Co now owns 32,720 shares of the company’s stock valued at $259,000 after purchasing an additional 16,962 shares during the period. Edgestream Partners L.P. purchased a new stake in Playtika during the third quarter valued at approximately $1,473,000. Captrust Financial Advisors raised its position in Playtika by 14.3% during the third quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock valued at $170,000 after purchasing an additional 2,694 shares during the period. FMR LLC raised its position in Playtika by 1.2% during the third quarter. FMR LLC now owns 1,339,801 shares of the company’s stock valued at $10,611,000 after purchasing an additional 15,471 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings 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 buying an additional 326,890 shares during the period. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Stock Performance

NASDAQ:PLTK opened at $8.54 on Friday. The stock has a 50-day simple moving average of $7.79 and a two-hundred day simple moving average of $7.85. Playtika has a 52-week low of $6.25 and a 52-week high of $9.23. The firm has a market capitalization of $3.18 billion, a PE ratio of 14.72, a P/E/G ratio of 2.21 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last released its quarterly 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 business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.19 EPS. Equities analysts forecast that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 4.68%. Playtika’s dividend payout ratio (DPR) is presently 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.