Playtika (NASDAQ:PLTK) Trading Down 3.7%

Playtika Holding Corp. (NASDAQ:PLTK) shares fell 3.7% during trading on Monday . The company traded as low as $7.87 and last traded at $7.88. 308,060 shares changed hands during trading, a decline of 68% from the average session volume of 954,451 shares. The stock had previously closed at $8.18.

Wall Street Analyst Weigh In

PLTK has been the topic of a number of recent research reports. Macquarie cut Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 target price on the stock. in a research note on Thursday, June 13th. Robert W. Baird boosted their target price on shares of Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a research note on Friday, May 10th. UBS Group started coverage on shares of Playtika in a research note on Monday. They issued a “neutral” rating and a $8.50 price target on the stock. Wedbush reduced their price objective on Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Finally, Morgan Stanley decreased their price objective on Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.06.

Playtika Stock Performance

The company has a market cap of $2.87 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.42 and a beta of 0.87. The company’s 50 day moving average price is $8.18 and its 200-day moving average price is $7.77.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.15. The company had revenue of $651.20 million for the quarter, compared to analysts’ expectations of $642.38 million. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. As a group, sell-side analysts forecast that Playtika Holding Corp. will post 0.67 earnings per share for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Friday, June 21st will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.40 dividend on an annualized basis and a yield of 5.17%. Playtika’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Playtika

In other news, insider Gili Brudno sold 67,250 shares of Playtika stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $8.72, for a total value of $586,420.00. Following the transaction, the insider now directly owns 201,750 shares of the company’s stock, valued at $1,759,260. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Several large investors have recently added to or reduced their stakes in PLTK. Quent Capital LLC grew its holdings in shares of Playtika by 109.1% during the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock valued at $27,000 after buying an additional 1,613 shares in the last quarter. International Assets Investment Management LLC grew its stake in Playtika by 772.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock valued at $34,000 after acquiring an additional 3,474 shares in the last quarter. Commerce Bank acquired a new position in shares of Playtika in the 4th quarter valued at about $88,000. Tower Research Capital LLC TRC lifted its position in shares of Playtika by 186.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 10,765 shares of the company’s stock worth $94,000 after purchasing an additional 7,007 shares in the last quarter. Finally, Aigen Investment Management LP acquired a new stake in shares of Playtika during the fourth quarter worth approximately $98,000. 11.94% of the stock is owned by institutional investors and hedge funds.

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.