Robert W. Baird Reaffirms Neutral Rating for Playtika (NASDAQ:PLTK)

Robert W. Baird reissued their neutral rating on shares of Playtika (NASDAQ:PLTK) in a research report report published on Friday morning, MarketBeat reports. They currently have a $6.00 price target on the stock, down from their previous price target of $9.00.

Other research analysts have also issued reports about the company. Wedbush reaffirmed an “outperform” rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Roth Mkm boosted their target price on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Macquarie reissued a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $8.21.

Playtika Stock Performance

Playtika stock opened at $5.28 on Friday. The firm’s 50 day moving average price is $7.02 and its two-hundred day moving average price is $7.55. The firm has a market cap of $1.97 billion, a PE ratio of 9.10, a P/E/G ratio of 1.69 and a beta of 0.92. Playtika has a twelve month low of $5.22 and a twelve month high of $9.15.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 7.58%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio is 90.91%.

Insider Transactions at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of Playtika stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.54, for a total transaction of $572,459.42. Following the completion of the transaction, the insider now directly owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.80% of the stock is owned by insiders.

Institutional Trading of Playtika

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sterling Capital Management LLC increased its position in Playtika by 57.2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after purchasing an additional 1,534 shares during the period. GAMMA Investing LLC boosted its stake in Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after acquiring an additional 2,910 shares during the last quarter. Versant Capital Management Inc lifted its stake 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 valued at $41,000 after purchasing an additional 3,496 shares during the period. Neo Ivy Capital Management bought a new position in shares of Playtika in the 3rd quarter worth $56,000. Finally, R Squared Ltd acquired a new stake in shares of Playtika during the fourth quarter worth $57,000. Institutional investors and hedge funds own 11.94% of the company’s stock.

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.