Playtika Holding Corp. (NASDAQ:PLTK) Receives Consensus Recommendation of “Hold” from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has received a consensus rating of “Hold” from the ten brokerages that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $9.00.

PLTK has been the topic of several recent analyst reports. Roth Mkm lifted their price objective on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wedbush reiterated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Finally, Macquarie reiterated a “neutral” rating and set a $7.00 price objective on shares of Playtika in a report on Friday, November 8th.

Insider Activity at Playtika

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $8.55, for a total transaction of $626,894.55. Following the transaction, the insider now owns 203,065,335 shares of the company’s stock, valued at $1,736,208,614.25. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In the last quarter, insiders have sold 753,894 shares of company stock valued at $6,239,985. 4.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC increased its position in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares during the last quarter. Acadian Asset Management LLC acquired a new position in shares of Playtika during the 2nd quarter worth approximately $43,000. Versant Capital Management Inc increased its position in shares of Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after purchasing an additional 3,496 shares during the last quarter. Headlands Technologies LLC increased its holdings in shares of Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after acquiring an additional 5,794 shares during the last quarter. Finally, Neo Ivy Capital Management bought a new stake in Playtika in the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Trading Down 1.9 %

Shares of PLTK opened at $6.77 on Friday. Playtika has a 1 year low of $6.25 and a 1 year high of $9.15. The stock has a market cap of $2.52 billion, a P/E ratio of 11.67, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. The stock’s 50-day moving average price is $7.82 and its two-hundred day moving average price is $7.65.

Playtika (NASDAQ:PLTK) last issued its 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 the consensus estimate of $622.46 million. During the same quarter last year, the business posted $0.19 EPS. Playtika’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities analysts forecast that Playtika will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.91%. The ex-dividend date was Friday, December 20th. Playtika’s dividend payout ratio is presently 68.97%.

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.