Roth Mkm Cuts Playtika (NASDAQ:PLTK) Price Target to $8.00

Playtika (NASDAQ:PLTK) had its target price trimmed by Roth Mkm from $9.00 to $8.00 in a research note released on Thursday morning, Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other equities research analysts have also issued reports on PLTK. Macquarie lowered shares of Playtika from an outperform rating to a neutral rating and set a $9.00 target price for the company. in a report on Thursday, June 13th. Morgan Stanley upped their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an equal weight rating in a research note on Tuesday, July 23rd. Wedbush reiterated an outperform rating and issued a $11.50 price objective on shares of Playtika in a report on Thursday. Robert W. Baird boosted their target price on Playtika from $9.00 to $10.00 and gave the stock an outperform rating in a report on Friday, May 10th. Finally, UBS Group started coverage on Playtika in a report on Monday, June 24th. They issued a neutral rating and a $8.50 price target for the company. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $9.29.

Playtika Trading Down 1.1 %

PLTK stock opened at $6.95 on Thursday. Playtika has a 12-month low of $6.25 and a 12-month high of $10.84. The business’s 50-day moving average is $7.85 and its 200 day moving average is $7.62. The stock has a market cap of $2.58 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.03 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last released its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. The business had revenue of $627.00 million for the quarter, compared to the consensus estimate of $640.27 million. During the same quarter last year, the business posted $0.21 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Playtika will post 0.66 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.76%. The ex-dividend date of this dividend is Friday, September 20th. Playtika’s payout ratio is 72.73%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of PLTK. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Playtika during the second quarter valued at about $31,000. International Assets Investment Management LLC boosted its position in shares of Playtika by 772.0% during the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock worth $34,000 after purchasing an additional 3,474 shares during the period. Versant Capital Management Inc acquired a new stake in Playtika in the 2nd quarter valued at approximately $36,000. Acadian Asset Management LLC purchased a new stake in Playtika in the second quarter valued at approximately $43,000. Finally, Headlands Technologies LLC lifted its stake in Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock worth $53,000 after purchasing an additional 5,794 shares in the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

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.