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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $9.00.

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

Institutional Investors Weigh In On Playtika

Institutional investors have recently bought and sold shares of the company. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Playtika in the 2nd quarter valued at $31,000. Versant Capital Management Inc acquired a new stake in shares of Playtika in the second quarter valued at about $36,000. Acadian Asset Management LLC acquired a new position in Playtika during the second quarter valued at approximately $43,000. Headlands Technologies LLC grew its stake in Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after purchasing an additional 5,794 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Playtika during the 3rd quarter worth approximately $56,000. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

NASDAQ PLTK opened at $8.60 on Friday. Playtika has a 1 year low of $6.25 and a 1 year high of $9.23. The stock has a market capitalization of $3.21 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.17 and a beta of 0.85. The business’s fifty day moving average is $7.91 and its two-hundred day moving average is $7.89.

Playtika (NASDAQ:PLTK) last announced its 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). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. During the same period last year, the firm earned $0.19 earnings per share. Playtika’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts forecast that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 4.65%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s 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.