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

Playtika Holding Corp. (NASDAQ:PLTK) has earned an average rating of “Hold” from the ten research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $9.00.

A number of brokerages have weighed in on PLTK. Roth Mkm increased their price target on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Macquarie reiterated a “neutral” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Finally, Wedbush restated an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Thursday, September 19th.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.69, for a total value of $845,241.54. Following the completion of the transaction, the insider now owns 202,968,069 shares in the company, valued at $1,763,792,519.61. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last three months, insiders sold 753,894 shares of company stock valued at $6,239,985. Company insiders own 4.80% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Playtika by 40.2% in the second quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company’s stock worth $1,013,000 after acquiring an additional 36,883 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of Playtika by 16.5% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company’s stock valued at $297,000 after buying an additional 5,352 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of Playtika during the second quarter worth approximately $83,000. Savant Capital LLC increased its stake in shares of Playtika by 35.7% in the second quarter. Savant Capital LLC now owns 119,148 shares of the company’s stock worth $938,000 after buying an additional 31,340 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in Playtika in the second quarter valued at $43,000. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Down 3.0 %

PLTK opened at $6.90 on Friday. The business’s fifty day simple moving average is $7.86 and its 200 day simple moving average is $7.66. Playtika has a 52 week low of $6.25 and a 52 week high of $9.15. The firm has a market cap of $2.57 billion, a P/E ratio of 11.90, a PEG ratio of 1.97 and a beta of 0.92.

Playtika (NASDAQ:PLTK) last released 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 negative return on equity of 144.73% and a net margin of 8.52%. Playtika’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 earnings per share. As a group, equities analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.10 per share. 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 payout ratio is 68.97%.

About Playtika

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.