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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus recommendation of “Hold” by the six ratings firms that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $4.3750.

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

Playtika Trading Down 1.4%

PLTK opened at $2.74 on Thursday. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of -5.07 and a beta of 0.88. Playtika has a 12 month low of $2.67 and a 12 month high of $5.59. The stock has a fifty day moving average price of $3.16 and a 200-day moving average price of $3.60.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. AQR Capital Management LLC increased its position in Playtika by 65.7% during the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after buying an additional 2,511,228 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Playtika by 20.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after acquiring an additional 679,564 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 19.1% during the second quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock worth $17,541,000 after acquiring an additional 595,494 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Playtika by 15.7% during the third quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock worth $12,416,000 after acquiring an additional 432,060 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings 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 valued at $8,594,000 after acquiring an additional 420,100 shares in the last quarter. 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.