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

Playtika Holding Corp. (NASDAQ:PLTK) has earned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $6.00.

Several brokerages have weighed in on PLTK. Wedbush reissued an “outperform” rating and set a $7.00 price objective on shares of Playtika in a report on Friday, October 31st. Weiss Ratings raised Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday. Wall Street Zen upgraded Playtika from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Loop Capital set a $3.75 target price on Playtika in a research report on Monday, November 3rd.

Playtika Trading Down 1.4%

Shares of NASDAQ PLTK opened at $3.51 on Friday. Playtika has a 1-year low of $3.31 and a 1-year high of $7.58. The company has a 50-day moving average of $4.01 and a two-hundred day moving average of $3.98. The company has a market cap of $1.32 billion, a PE ratio of 14.63, a P/E/G ratio of 2.05 and a beta of 0.84.

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

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were issued a $0.10 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.40 annualized dividend and a yield of 11.4%. Playtika’s dividend payout ratio (DPR) is 166.67%.

Institutional Trading of Playtika

Several hedge funds have recently added to or reduced their stakes in the business. Earned Wealth Advisors LLC acquired a new position in Playtika in the fourth quarter valued at about $46,000. Pallas Capital Advisors LLC lifted its holdings in shares of Playtika by 117.9% during the 4th quarter. Pallas Capital Advisors LLC now owns 34,117 shares of the company’s stock valued at $135,000 after purchasing an additional 18,459 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of Playtika by 49.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 114,955 shares of the company’s stock valued at $452,000 after purchasing an additional 38,048 shares during the period. NorthCrest Asset Manangement LLC increased its stake in Playtika by 27.6% during the 4th quarter. NorthCrest Asset Manangement LLC now owns 16,300 shares of the company’s stock worth $66,000 after purchasing an additional 3,524 shares in the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in Playtika by 18.9% during the 4th quarter. CWA Asset Management Group LLC now owns 524,497 shares of the company’s stock worth $2,072,000 after buying an additional 83,370 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

About Playtika

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.