Playtika Holding Corp. (NASDAQ:PLTK) Receives $9.25 Consensus Price Target from Brokerages

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

Several equities analysts have recently issued reports on the company. Roth Mkm lifted 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. Macquarie reiterated a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research report on Friday, November 8th.

Insider Buying and Selling

In other news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the sale, the insider now owns 200,554,660 shares of the company’s stock, valued at approximately $1,512,182,136.40. This represents a 0.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 753,894 shares of company stock worth $6,239,985 in the last ninety days. Company insiders own 4.80% of the company’s stock.

Institutional Trading of Playtika

Several institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its stake in shares of Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares during the last quarter. Versant Capital Management Inc raised its position in shares of Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares in the last quarter. Neo Ivy Capital Management bought a new position in shares of Playtika in the 3rd quarter worth about $56,000. R Squared Ltd acquired a new position in shares of Playtika in the 4th quarter valued at about $57,000. Finally, Capital Performance Advisors LLP acquired a new stake in Playtika during the third quarter worth approximately $62,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Stock Down 2.7 %

PLTK stock opened at $7.17 on Wednesday. Playtika has a 52 week low of $6.25 and a 52 week high of $9.15. The business has a 50-day simple moving average of $7.44 and a 200 day simple moving average of $7.60. The company has a market cap of $2.67 billion, a PE ratio of 12.36, a price-to-earnings-growth ratio of 1.76 and a beta of 0.92.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the company posted $0.19 EPS. On average, analysts anticipate that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

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

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.