Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $10.43

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned an average rating of “Hold” from the ten brokerages that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $10.43.

PLTK has been the subject of a number of recent research reports. Wedbush reduced their target price on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Morgan Stanley cut their price objective on shares of Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a report on Tuesday, February 27th. Stifel Nicolaus lowered their target price on shares of Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a report on Friday, February 23rd. The Goldman Sachs Group dropped their price target on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a research report on Tuesday, February 27th. Finally, Bank of America downgraded Playtika from a “neutral” rating to an “underperform” rating and reduced their price target for the stock from $11.00 to $8.00 in a research report on Thursday, January 18th.

Playtika Price Performance

NASDAQ:PLTK opened at $7.52 on Monday. Playtika has a one year low of $6.25 and a one year high of $12.90. The company has a market cap of $2.79 billion, a P/E ratio of 11.75, a P/E/G ratio of 1.07 and a beta of 0.84. The firm’s fifty day moving average price is $7.06 and its two-hundred day moving average price is $7.78.

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

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.40 annualized dividend and a yield of 5.32%. Playtika’s dividend payout ratio is currently 62.50%.

Institutional Investors Weigh In On Playtika

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWM LLC raised its holdings in shares of Playtika by 1,215.1% during the 3rd quarter. CWM LLC now owns 2,959 shares of the company’s stock worth $28,000 after buying an additional 2,734 shares in the last quarter. Quent Capital LLC raised its stake in Playtika by 109.1% during the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after acquiring an additional 1,613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new position in shares of Playtika in the third quarter worth about $33,000. International Assets Investment Management LLC boosted its stake in shares of 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 purchasing an additional 3,474 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of 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 purchasing an additional 3,225 shares in the last quarter. 11.94% of the stock is currently owned by 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.