Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Recommendation of “Hold” from Brokerages

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received a consensus rating of “Hold” from the ten research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $9.00.

Several equities research analysts have recently weighed in on PLTK shares. Roth Mkm upped their price target on 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 target price on shares of Playtika in a report on Thursday, September 19th. Finally, Macquarie reissued a “neutral” rating and issued a $7.00 price target on shares of Playtika in a report on Friday, November 8th.

Insiders Place Their Bets

In other news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $8.69, for a total value of $845,241.54. Following the completion of the sale, the insider now directly owns 202,968,069 shares in the company, valued at approximately $1,763,792,519.61. The trade was a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold a total of 677,971 shares of company stock valued at $5,667,525 over the last 90 days. Insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Playtika

A number of large investors have recently added to or reduced their stakes in the business. KBC Group NV grew its stake in shares of Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after buying an additional 1,266 shares during the last quarter. Captrust Financial Advisors grew its position in Playtika by 14.3% during the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company’s stock worth $170,000 after acquiring an additional 2,694 shares during the last quarter. SG Americas Securities LLC increased its stake in Playtika by 3.3% in the 3rd quarter. SG Americas Securities LLC now owns 99,306 shares of the company’s stock worth $787,000 after purchasing an additional 3,206 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Playtika by 16.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock valued at $179,000 after purchasing an additional 3,265 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. bought a new position in shares of Playtika in the second quarter worth approximately $31,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Down 1.8 %

Shares of NASDAQ:PLTK opened at $7.49 on Tuesday. The company has a 50-day moving average price of $8.09 and a two-hundred day moving average price of $7.85. Playtika has a twelve month low of $6.25 and a twelve month high of $9.15. The firm has a market capitalization of $2.79 billion, a PE ratio of 12.91, a P/E/G ratio of 1.97 and a beta of 0.88.

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

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a yield of 5.34%. 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.