Playtika Holding Corp. (NASDAQ:PLTK) Given Average Recommendation of “Hold” by Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been given an average rating of “Hold” by the ten brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $9.00.

Several research analysts have issued reports on PLTK shares. Macquarie reiterated a “neutral” rating and set a $7.00 target price on shares of Playtika in a report on Friday, November 8th. Roth Mkm increased 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. Finally, Wedbush reissued an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th.

Insiders Place Their Bets

In related news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following 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 trade represents a 0.04 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Over the last 90 days, insiders have sold 753,894 shares of company stock worth $6,239,985. 4.80% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Playtika

A number of hedge funds have recently made changes to their positions in PLTK. Bank of New York Mellon Corp grew its holdings in Playtika by 40.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock valued at $1,013,000 after buying an additional 36,883 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Playtika by 16.5% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company’s stock valued at $297,000 after buying an additional 5,352 shares during the period. CIBC Asset Management Inc acquired a new stake in shares of Playtika during the 2nd quarter worth approximately $83,000. Savant Capital LLC raised its position in shares of Playtika by 35.7% during the 2nd quarter. Savant Capital LLC now owns 119,148 shares of the company’s stock valued at $938,000 after buying an additional 31,340 shares during the period. Finally, Acadian Asset Management LLC purchased a new position in Playtika in the second quarter worth approximately $43,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Price Performance

Shares of NASDAQ:PLTK opened at $7.00 on Friday. The business has a 50 day simple moving average of $7.92 and a two-hundred day simple moving average of $7.69. Playtika has a 1 year low of $6.25 and a 1 year high of $9.15. The firm has a market capitalization of $2.61 billion, a PE ratio of 12.07, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK) last posted 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). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities research analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.71%. The ex-dividend date was Friday, December 20th. Playtika’s dividend payout ratio (DPR) is presently 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.