Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) PT at $9.18

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given an average rating of “Hold” by the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $9.18.

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

Institutional Trading of Playtika

Hedge funds and other institutional investors have recently modified their holdings of the company. AQR Capital Management LLC lifted its position in shares of Playtika by 66.6% in the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after acquiring an additional 3,132,272 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of Playtika by 19.7% during the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock valued at $74,138,000 after purchasing an additional 1,552,606 shares during the last quarter. Capital Research Global Investors bought a new position in shares of Playtika during the 1st quarter valued at about $9,327,000. The Manufacturers Life Insurance Company grew its position in shares of Playtika by 13.9% during the third quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock valued at $21,267,000 after purchasing an additional 326,890 shares in the last quarter. Finally, Tidal Investments LLC bought a new stake in shares of Playtika in the first quarter worth about $1,895,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Trading Down 1.1 %

Shares of PLTK opened at $8.45 on Friday. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 14.57, a P/E/G ratio of 2.18 and a beta of 0.85. The business’s fifty day simple moving average is $7.82 and its two-hundred day simple moving average is $7.87. Playtika has a 12 month low of $6.25 and a 12 month high of $9.23.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business had revenue of $620.80 million for the quarter, compared to analysts’ expectations of $622.46 million. During the same period last year, the business earned $0.19 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, research analysts forecast that Playtika will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.73%. The ex-dividend date is 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.