Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Rating of “Hold” from Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $6.00.

Several equities analysts recently issued reports on PLTK shares. UBS Group reduced their price target on Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. Wedbush reiterated an “outperform” rating and set a $7.00 price target on shares of Playtika in a report on Friday, October 31st. Loop Capital set a $3.75 price target on shares of Playtika in a report on Monday, November 3rd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Playtika in a research note on Monday, December 15th.

Playtika Stock Performance

Shares of Playtika stock opened at $4.11 on Tuesday. Playtika has a 52-week low of $3.31 and a 52-week high of $7.58. The company has a fifty day moving average of $3.95 and a 200-day moving average of $4.09. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 3.87 and a beta of 0.84.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 6th. The company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The company had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. Playtika had a net margin of 3.16% and a negative return on equity of 114.44%. During the same quarter last year, the company earned $0.11 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. On average, equities research analysts forecast that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Friday, December 26th. Playtika’s dividend payout ratio is currently 166.67%.

Hedge Funds Weigh In On Playtika

A number of hedge funds have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. bought a new position in Playtika in the 2nd quarter valued at approximately $27,000. Quarry LP purchased a new position in shares of Playtika in the first quarter worth $29,000. Brooklyn Investment Group lifted its holdings in shares of Playtika by 15,890.5% during the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company’s stock valued at $35,000 after purchasing an additional 6,674 shares in the last quarter. Jackson Thornton Wealth Management LLC purchased a new stake in shares of Playtika during the third quarter valued at $38,000. Finally, Orion Porfolio Solutions LLC bought a new stake in Playtika in the 3rd quarter worth about $45,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Company Profile

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.