Playtika (NASDAQ:PLTK) Sets New 12-Month Low – Should You Sell?

Shares of Playtika Holding Corp. (NASDAQ:PLTK) reached a new 52-week low during trading on Wednesday . The company traded as low as $4.96 and last traded at $5.14, with a volume of 2194530 shares. The stock had previously closed at $5.09.

Analyst Ratings Changes

A number of research firms have recently commented on PLTK. Robert W. Baird reissued a “neutral” rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Baird R W lowered shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Roth Mkm increased their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Wedbush reaffirmed an “outperform” rating and set a $11.50 price objective on shares of Playtika in a research report on Wednesday, February 26th. Finally, Macquarie reduced their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Friday, February 28th. Six investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $8.21.

Playtika Stock Performance

The company has a market capitalization of $1.92 billion, a P/E ratio of 8.86, a PEG ratio of 1.69 and a beta of 0.92. The stock has a 50 day moving average price of $6.96 and a 200 day moving average price of $7.53.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 4th. Investors of record on Friday, March 21st will be issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 7.78%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is currently 90.91%.

Insider Buying and Selling

In other Playtika 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 transaction of $572,459.42. Following the completion of the transaction, the insider now owns 200,554,660 shares of the company’s stock, valued at $1,512,182,136.40. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 4.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PLTK. Sterling Capital Management LLC grew its holdings in Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after buying an additional 1,534 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 2,910 shares in the last quarter. Versant Capital Management Inc grew its holdings in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after buying an additional 3,496 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Playtika during the 3rd quarter valued at about $56,000. Finally, R Squared Ltd bought a new stake in shares of Playtika during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

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.