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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.43.

Several equities research analysts recently commented on the company. The Goldman Sachs Group cut their price target on Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus cut their price target on Playtika from $12.00 to $11.00 and set a “buy” rating for the company in a report on Friday, February 23rd. Wedbush cut their target price on Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a research note on Tuesday, February 27th. Morgan Stanley cut their target price on Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 27th. Finally, HSBC cut Playtika from a “buy” rating to a “hold” rating and cut their target price for the stock from $14.90 to $8.00 in a research note on Monday, January 22nd.

Playtika Price Performance

Shares of Playtika stock opened at $7.16 on Monday. The business has a 50 day simple moving average of $7.08 and a two-hundred day simple moving average of $7.81. Playtika has a 12 month low of $6.25 and a 12 month high of $12.90. The stock has a market capitalization of $2.65 billion, a P/E ratio of 11.19, a PEG ratio of 1.06 and a beta of 0.84.

Playtika (NASDAQ:PLTK) last announced its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The firm had revenue of $637.90 million for the quarter, compared to analyst estimates of $630.26 million. During the same period in the previous year, the company earned $0.24 EPS. Playtika’s revenue was up 1.1% compared to the same quarter last year. As a group, research analysts anticipate that Playtika will post 0.69 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.40 dividend on an annualized basis and a yield of 5.59%. Playtika’s dividend payout ratio (DPR) is presently 62.50%.

Institutional Trading of Playtika

Institutional investors have recently bought and sold shares of the business. Quent Capital LLC lifted its holdings in Playtika by 109.1% during the 4th quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after buying an additional 1,613 shares during the last quarter. CWM LLC increased its position in shares of Playtika by 1,215.1% during the third quarter. CWM LLC now owns 2,959 shares of the company’s stock worth $28,000 after purchasing an additional 2,734 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Playtika during the third quarter worth about $33,000. International Assets Investment Management LLC increased its position in Playtika by 772.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock valued at $34,000 after acquiring an additional 3,474 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. increased its position in Playtika by 62.2% in the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,408 shares of the company’s stock valued at $80,000 after acquiring an additional 3,225 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Company Profile

Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.