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

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned a consensus rating of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $4.6786.

Several brokerages have weighed in on PLTK. Weiss Ratings lowered Playtika from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 2nd. Wedbush lowered Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 target price on the stock. in a research note on Monday, March 2nd. Citigroup dropped their price target on Playtika from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, February 20th. The Goldman Sachs Group cut their price target on Playtika from $4.75 to $4.25 and set a “neutral” rating for the company in a research note on Monday, March 2nd. Finally, Wall Street Zen cut Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th.

Institutional Trading of Playtika

Several hedge funds and other institutional investors have recently modified their holdings of the business. CWA Asset Management Group LLC bought a new position in Playtika in the 3rd quarter worth approximately $1,716,000. Assenagon Asset Management S.A. bought a new stake in Playtika during the 3rd quarter valued at $1,509,000. Los Angeles Capital Management LLC bought a new stake in Playtika during the 2nd quarter valued at $296,000. Geode Capital Management LLC lifted its position in shares of Playtika by 30.1% during the second quarter. Geode Capital Management LLC now owns 1,816,734 shares of the company’s stock worth $8,594,000 after acquiring an additional 420,100 shares in the last quarter. Finally, Denali Advisors LLC purchased a new stake in shares of Playtika during the third quarter worth $3,004,000. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Down 4.8%

PLTK opened at $2.78 on Friday. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of -5.15, a PEG ratio of 1.88 and a beta of 0.85. Playtika has a twelve month low of $2.67 and a twelve month high of $5.59. The company’s 50-day moving average price is $3.49 and its two-hundred day moving average price is $3.71.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.96). The company had revenue of $678.80 million for the quarter, compared to analysts’ expectations of $660.32 million. Playtika had a negative return on equity of 114.29% and a negative net margin of 7.49%.The company’s revenue for the quarter was up 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.04) EPS. As a group, sell-side analysts anticipate that Playtika will post 0.65 earnings per share for the current year.

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.