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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received a consensus recommendation of “Hold” from the seven analysts that are covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $4.00.

Several equities analysts have commented on the stock. Roth Mkm boosted their price target on shares of Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 27th. TD Cowen reiterated a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Weiss Ratings reissued a “sell (d)” rating on shares of Playtika in a research note on Friday, May 29th. Wedbush downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a report on Monday, March 2nd. Finally, The Goldman Sachs Group reduced their price target on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, March 2nd.

Hedge Funds Weigh In On Playtika

A number of institutional investors and hedge funds have recently modified their holdings of the company. R Squared Ltd increased its holdings in Playtika by 29.3% in the third quarter. R Squared Ltd now owns 13,017 shares of the company’s stock valued at $51,000 after buying an additional 2,946 shares during the last quarter. NorthCrest Asset Manangement LLC lifted its holdings 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 buying an additional 3,524 shares during the last quarter. Greenwich Wealth Management LLC boosted its position in shares of Playtika by 32.9% during the 4th quarter. Greenwich Wealth Management LLC now owns 16,361 shares of the company’s stock worth $65,000 after acquiring an additional 4,049 shares in the last quarter. Corient Private Wealth LLC boosted its position in shares of Playtika by 24.5% during the 2nd quarter. Corient Private Wealth LLC now owns 24,626 shares of the company’s stock worth $116,000 after acquiring an additional 4,842 shares in the last quarter. Finally, Signaturefd LLC increased its holdings in shares of Playtika by 129.8% in the 4th quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after acquiring an additional 5,147 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Performance

NASDAQ PLTK opened at $3.37 on Tuesday. The firm has a 50 day simple moving average of $3.41 and a 200-day simple moving average of $3.48. Playtika has a one year low of $2.64 and a one year high of $5.05. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -4.38 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last announced its earnings results on Thursday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). The business had revenue of $744.70 million for the quarter, compared to analysts’ expectations of $694.69 million. Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.Playtika’s quarterly revenue was up 5.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.08 earnings per share. Equities analysts predict that Playtika will post 0.64 EPS for the current fiscal 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.