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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $6.00.

PLTK has been the subject of a number of research analyst reports. Weiss Ratings upgraded Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Loop Capital set a $3.75 price objective on Playtika in a report on Monday, November 3rd. Wedbush reaffirmed an “outperform” rating and set a $7.00 target price on shares of Playtika in a report on Friday, October 31st. Finally, Wall Street Zen downgraded shares of Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLTK. CWA Asset Management Group LLC purchased a new position in Playtika in the third quarter valued at $1,716,000. Assenagon Asset Management S.A. purchased a new stake in shares of Playtika during the 3rd quarter worth about $1,509,000. Wolverine Asset Management LLC grew its position in shares of Playtika by 98.4% during the 2nd quarter. Wolverine Asset Management LLC now owns 256,015 shares of the company’s stock valued at $1,211,000 after acquiring an additional 126,990 shares during the period. Los Angeles Capital Management LLC purchased a new position in shares of Playtika in the 2nd quarter valued at about $296,000. Finally, Geode Capital Management LLC raised its holdings in Playtika by 30.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,816,734 shares of the company’s stock worth $8,594,000 after purchasing an additional 420,100 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Trading Down 3.5%

Shares of Playtika stock opened at $3.61 on Wednesday. The firm’s 50 day simple moving average is $3.85 and its two-hundred day simple moving average is $3.83. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of 15.04, a PEG ratio of 2.13 and a beta of 0.84. Playtika has a 12-month low of $3.31 and a 12-month high of $7.55.

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.