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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have received an average recommendation of “Hold” from the eight brokerages that are currently covering the company, Marketbeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.25.

A number of research firms recently issued reports on PLTK. Macquarie reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Roth Mkm upped their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $8.69, for a total transaction 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. This trade represents a 0.05 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 753,894 shares of company stock valued at $6,239,985 over the last ninety days. 4.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Playtika

Institutional investors and hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. increased its holdings in Playtika by 8.8% in the third quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company’s stock worth $81,177,000 after purchasing an additional 829,372 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Playtika by 23,814.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company’s stock valued at $4,592,000 after acquiring an additional 663,700 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Playtika by 13.9% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company’s stock valued at $21,267,000 after acquiring an additional 326,890 shares during the period. Bank of New York Mellon Corp boosted its stake in Playtika by 128.3% during the fourth quarter. Bank of New York Mellon Corp now owns 360,086 shares of the company’s stock worth $2,499,000 after acquiring an additional 202,391 shares in the last quarter. Finally, Edgestream Partners L.P. acquired a new stake in Playtika in the third quarter worth $1,473,000. Institutional investors own 11.94% of the company’s stock.

Playtika Trading Down 0.4 %

Shares of NASDAQ PLTK opened at $7.25 on Wednesday. The company has a market cap of $2.70 billion, a PE ratio of 12.50, a P/E/G ratio of 1.70 and a beta of 0.92. Playtika has a 1-year low of $6.25 and a 1-year high of $9.15. The company has a 50-day moving average of $7.39 and a two-hundred day moving average of $7.58.

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

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were paid a $0.10 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.52%. 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.