Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) declared a quarterly dividend on Thursday, May 9th, Zacks reports. Stockholders of record on Friday, June 21st will be paid a dividend of 0.10 per share on Friday, July 5th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.67%. The ex-dividend date is Friday, June 21st.
Playtika has a dividend payout ratio of 56.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Playtika to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 55.6%.
Playtika Price Performance
PLTK stock traded down $0.30 on Friday, reaching $8.57. 132,608 shares of the company were exchanged, compared to its average volume of 958,293. Playtika has a 12 month low of $6.25 and a 12 month high of $12.90. The stock’s fifty day moving average price is $7.15 and its 200 day moving average price is $7.73. The firm has a market capitalization of $3.18 billion, a PE ratio of 13.86, a PEG ratio of 1.15 and a beta of 0.79.
Analyst Ratings Changes
PLTK has been the subject of several research reports. Robert W. Baird raised their target price on Playtika from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday. HSBC lowered shares of Playtika from a “buy” rating to a “hold” rating and decreased their target price for the company from $14.90 to $8.00 in a research report on Monday, January 22nd. Bank of America lowered shares of Playtika from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $11.00 to $8.00 in a research report on Thursday, January 18th. Morgan Stanley decreased their price objective on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, Stifel Nicolaus lowered their price target on Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $10.39.
View Our Latest Report on PLTK
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.
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