Playtika Holding Corp. (NASDAQ:PLTK) Receives $8.32 Consensus Price Target from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has been given an average rating of “Hold” by the eight research firms that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $8.32.

PLTK has been the topic of several research analyst reports. Citigroup lowered their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Robert W. Baird reiterated a “neutral” rating and set a $6.00 price target (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Macquarie reduced their price objective on Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Wedbush reiterated an “outperform” rating and issued a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th.

Institutional Investors Weigh In On Playtika

Large investors have recently made changes to their positions in the company. Sterling Capital Management LLC lifted its stake in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after acquiring an additional 1,534 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after purchasing an additional 3,496 shares during the last quarter. Neo Ivy Capital Management bought a new stake in Playtika in the third quarter worth $56,000. Finally, R Squared Ltd acquired a new position in Playtika during the fourth quarter worth $57,000. Institutional investors own 11.94% of the company’s stock.

Playtika Price Performance

Playtika stock opened at $4.40 on Friday. Playtika has a fifty-two week low of $3.97 and a fifty-two week high of $9.16. The firm’s 50 day simple moving average is $6.29 and its 200-day simple moving average is $7.23. The company has a market cap of $1.65 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.09%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is presently 90.91%.

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.