Playtika (NASDAQ:PLTK) Hits New 1-Year Low – Time to Sell?

Playtika Holding Corp. (NASDAQ:PLTK) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.57 and last traded at $4.74, with a volume of 1793788 shares. The stock had previously closed at $4.58.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a report on Wednesday, February 26th. Citigroup lowered their price target on Playtika from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, March 7th. Macquarie reduced their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 28th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $6.00 price target (down from $9.00) on shares of Playtika in a research note on Friday, February 28th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Playtika presently has an average rating of “Hold” and an average target price of $8.32.

Playtika Trading Up 3.5 %

The stock’s fifty day simple moving average is $6.59 and its 200-day simple moving average is $7.36. The company has a market capitalization of $1.78 billion, a price-to-earnings ratio of 8.17, a price-to-earnings-growth ratio of 1.69 and a beta of 0.98.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.10 dividend. The ex-dividend date of this dividend is Friday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 8.44%. Playtika’s dividend payout ratio (DPR) is presently 90.91%.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC increased its position in shares of Playtika by 5.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock valued at $392,000 after purchasing an additional 2,886 shares during the last quarter. Mackenzie Financial Corp grew its stake in shares of Playtika by 314.3% during the fourth quarter. Mackenzie Financial Corp now owns 49,596 shares of the company’s stock worth $344,000 after purchasing an additional 37,625 shares in the last quarter. Neo Ivy Capital Management increased its holdings in Playtika by 756.9% in the fourth quarter. Neo Ivy Capital Management now owns 60,963 shares of the company’s stock valued at $423,000 after buying an additional 53,849 shares during the last quarter. CSS LLC IL raised its stake in Playtika by 78.9% in the fourth quarter. CSS LLC IL now owns 50,233 shares of the company’s stock valued at $349,000 after buying an additional 22,161 shares in the last quarter. Finally, Woodline Partners LP lifted its holdings in Playtika by 41.4% during the 4th quarter. Woodline Partners LP now owns 449,877 shares of the company’s stock worth $3,122,000 after buying an additional 131,669 shares during the last quarter. Institutional investors and hedge funds 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.