Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of “Hold” by Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has received an average rating of “Hold” from the eight analysts that are covering the stock, Marketbeat reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $9.25.

A number of analysts have recently issued reports on PLTK shares. Macquarie reissued a “neutral” rating and set a $7.00 target price on shares of Playtika in a research note on Friday, November 8th. Roth Mkm increased their price target on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th.

Playtika Stock Down 2.7 %

Shares of NASDAQ PLTK opened at $7.17 on Wednesday. The firm’s 50-day moving average price is $7.44 and its 200-day moving average price is $7.59. Playtika has a 52-week low of $6.25 and a 52-week high of $9.15. The company has a market cap of $2.67 billion, a PE ratio of 12.36, a PEG ratio of 1.76 and a beta of 0.92.

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). The business had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm posted $0.19 earnings per share. As a group, equities research analysts anticipate that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Shareholders of record on Friday, December 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.58%. Playtika’s payout ratio is 68.97%.

Insider Buying and Selling

In other news, major shareholder Holding Uk Ltd Playtika II sold 291,508 shares of Playtika stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $8.17, for a total value of $2,381,620.36. Following the completion of the sale, the insider now directly owns 201,000,143 shares of the company’s stock, valued at approximately $1,642,171,168.31. The trade was a 0.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 753,894 shares of company stock worth $6,239,985. Insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp lifted its position in shares of Playtika by 12.9% during the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock worth $10,564,000 after purchasing an additional 150,878 shares during the last quarter. CWM LLC increased its holdings in Playtika by 65.1% in the third quarter. CWM LLC now owns 85,971 shares of the company’s stock valued at $681,000 after buying an additional 33,902 shares in the last quarter. Jacobs Levy Equity Management Inc. increased its holdings in Playtika by 14.3% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock valued at $9,010,000 after acquiring an additional 142,112 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of Playtika by 43.6% during the 3rd quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock worth $271,000 after purchasing an additional 9,658 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Playtika by 76.2% in the fourth quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock worth $1,215,000 after acquiring an additional 75,702 shares during the last quarter. Hedge funds and other institutional investors 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.