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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned an average recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $9.29.

PLTK has been the topic of several research analyst reports. Morgan Stanley boosted their price objective on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Finally, Roth Mkm cut their price objective on Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th.

Playtika Stock Up 0.4 %

NASDAQ:PLTK opened at $7.63 on Monday. Playtika has a 52 week low of $6.25 and a 52 week high of $9.23. The company has a market capitalization of $2.83 billion, a P/E ratio of 13.87, a P/E/G ratio of 1.60 and a beta of 0.85. The stock’s fifty day moving average is $7.61 and its two-hundred day moving average is $7.75.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $627.00 million for the quarter, compared to the consensus estimate of $640.27 million. Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The company’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.21 EPS. Sell-side analysts anticipate that Playtika will post 0.73 earnings per share for the current fiscal year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 4th. Investors of record on Friday, September 20th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.40 annualized dividend and a yield of 5.24%. Playtika’s payout ratio is 72.73%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Abich Financial Wealth Management LLC acquired a new position in shares of Playtika during the 3rd quarter worth about $81,000. Pallas Capital Advisors LLC boosted its position in shares of Playtika by 41.2% during the 3rd quarter. Pallas Capital Advisors LLC now owns 47,249 shares of the company’s stock worth $359,000 after acquiring an additional 13,787 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Playtika by 170.1% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 53,530 shares of the company’s stock worth $424,000 after acquiring an additional 33,711 shares in the last quarter. Impact Partnership Wealth LLC acquired a new position in shares of Playtika during the 3rd quarter worth about $292,000. Finally, International Assets Investment Management LLC boosted its position in shares of Playtika by 692.0% during the 3rd quarter. International Assets Investment Management LLC now owns 11,484 shares of the company’s stock worth $91,000 after acquiring an additional 10,034 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

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.