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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received an average recommendation of “Hold” from the ten analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $9.00.

Several equities analysts recently issued reports on the stock. Roth Mkm boosted their price target on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and set a $7.00 price objective on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush reissued an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $8.69, for a total transaction of $845,241.54. Following the sale, the insider now directly owns 202,968,069 shares of the company’s stock, valued at approximately $1,763,792,519.61. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 677,971 shares of company stock valued at $5,667,525 in the last 90 days. Corporate 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 PLTK. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Playtika in the 2nd quarter worth approximately $31,000. Acadian Asset Management LLC bought a new stake in shares of Playtika in the 2nd quarter worth $43,000. Headlands Technologies LLC raised its stake in shares of Playtika by 648.8% in 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 during the last quarter. Neo Ivy Capital Management bought a new position in shares of Playtika during the third quarter valued at $56,000. Finally, Capital Performance Advisors LLP purchased a new stake in shares of Playtika during the third quarter valued at $62,000. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

NASDAQ PLTK opened at $7.49 on Tuesday. The stock has a market cap of $2.79 billion, a P/E ratio of 12.91, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $9.15. The stock has a 50 day simple moving average of $8.09 and a two-hundred day simple moving average of $7.85.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The business had revenue of $620.80 million during the quarter, compared to analysts’ expectations of $622.46 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 EPS. Sell-side analysts predict that Playtika will post 0.65 earnings per share for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.34%. Playtika’s dividend payout ratio is currently 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.