Playtika Holding Corp. (NASDAQ:PLTK) Receives $9.00 Consensus Target Price from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $9.00.

Several analysts recently weighed in on the stock. Roth Mkm lifted their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Wedbush reissued an “outperform” rating and set a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Finally, Macquarie reaffirmed 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 73,321 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $8.55, for a total transaction of $626,894.55. Following the completion of the transaction, the insider now directly owns 203,065,335 shares of the company’s stock, valued at approximately $1,736,208,614.25. This represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 753,894 shares of company stock worth $6,239,985 over the last 90 days. 4.80% of the stock is owned by insiders.

Hedge Funds Weigh In On Playtika

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its position in shares of Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after buying an additional 2,910 shares during the last quarter. Versant Capital Management Inc raised its stake in Playtika by 148.7% during 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. JPMorgan Chase & Co. lifted its position in Playtika by 102.7% in the third quarter. JPMorgan Chase & Co. now owns 80,150 shares of the company’s stock valued at $635,000 after acquiring an additional 40,604 shares during the last quarter. Franklin Resources Inc. boosted its stake in Playtika by 302.6% in the third quarter. Franklin Resources Inc. now owns 60,587 shares of the company’s stock valued at $454,000 after acquiring an additional 45,537 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its holdings in shares of Playtika by 43.6% during the third quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock worth $271,000 after purchasing an additional 9,658 shares during the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Performance

Shares of Playtika stock opened at $7.07 on Friday. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $9.15. The firm has a market capitalization of $2.64 billion, a price-to-earnings ratio of 12.19, a PEG ratio of 1.97 and a beta of 0.92. The stock has a 50 day moving average of $7.90 and a 200 day moving average of $7.68.

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

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 5.66%. Playtika’s dividend payout ratio (DPR) is 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.