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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned a consensus rating of “Hold” from the ten research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $9.00.

Several equities analysts have recently issued reports on the company. Wedbush reiterated an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a research note on Friday, November 8th. Finally, Roth Mkm upped their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Playtika Trading Down 3.0 %

Shares of NASDAQ PLTK opened at $6.90 on Friday. The company has a market capitalization of $2.57 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.97 and a beta of 0.92. Playtika has a twelve month low of $6.25 and a twelve month high of $9.15. The business has a 50 day simple moving average of $7.86 and a 200-day simple moving average of $7.66.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the firm posted $0.19 EPS. As a group, equities analysts predict that Playtika will post 0.65 earnings per share for the current year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.80%. Playtika’s dividend payout ratio is currently 68.97%.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of Playtika stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the transaction, the insider now owns 200,554,660 shares of the company’s stock, valued at approximately $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders have sold 753,894 shares of company stock worth $6,239,985 in the last ninety days. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Playtika by 146.0% during the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after purchasing an additional 2,910 shares during the period. Versant Capital Management Inc lifted its stake in Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares in the last quarter. Acadian Asset Management LLC acquired a new stake in Playtika during the 2nd quarter worth about $43,000. Headlands Technologies LLC grew its stake in Playtika by 648.8% during the 2nd quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Playtika in the 3rd quarter valued at about $56,000. 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.