Playtika Holding Corp. (NASDAQ:PLTK) Receives $10.19 Consensus Price Target from Analysts

Playtika Holding Corp. (NASDAQ:PLTKGet Free Report) has been given a consensus rating of “Hold” by the thirteen brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.06.

Several equities analysts recently weighed in on PLTK shares. Roth Mkm raised their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, May 10th. Macquarie lowered Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target for the company. in a research note on Thursday, June 13th. Wedbush reduced their price objective on Playtika from $14.75 to $11.50 and set an “outperform” rating on the stock in a research note on Tuesday, February 27th. Morgan Stanley decreased their price objective on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, The Goldman Sachs Group reduced their price target on shares of Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research report on Tuesday, February 27th.

View Our Latest Report on Playtika

Insider Buying and Selling at Playtika

In other news, insider Gili Brudno sold 67,250 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $8.72, for a total transaction of $586,420.00. Following the transaction, the insider now directly owns 201,750 shares in the company, valued at $1,759,260. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 4.80% of the company’s stock.

Institutional Investors Weigh In On Playtika

Institutional investors have recently added to or reduced their stakes in the stock. LSV Asset Management raised its holdings in Playtika by 3.4% in the first quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after purchasing an additional 256,353 shares in the last quarter. AQR Capital Management LLC lifted its position in Playtika by 2.1% during the third quarter. AQR Capital Management LLC now owns 5,093,530 shares of the company’s stock valued at $49,051,000 after acquiring an additional 106,916 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Playtika by 41.9% in the fourth quarter. Pacer Advisors Inc. now owns 4,494,488 shares of the company’s stock valued at $39,192,000 after acquiring an additional 1,327,596 shares in the last quarter. Vanguard Group Inc. grew its holdings in Playtika by 2.2% in the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company’s stock worth $25,141,000 after purchasing an additional 76,948 shares during the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Playtika by 185.1% during the third quarter. The Manufacturers Life Insurance Company now owns 2,416,137 shares of the company’s stock worth $23,267,000 after purchasing an additional 1,568,593 shares in the last quarter. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Down 3.4 %

Shares of Playtika stock opened at $7.90 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.49 and a beta of 0.87. The stock’s 50-day simple moving average is $8.16 and its 200-day simple moving average is $7.77. Playtika has a 52 week low of $6.25 and a 52 week high of $12.90.

Playtika (NASDAQ:PLTKGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported $0.15 EPS for the quarter, hitting analysts’ consensus estimates of $0.15. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. The company had revenue of $651.20 million for the quarter, compared to analysts’ expectations of $642.38 million. On average, equities analysts expect that Playtika will post 0.67 earnings per share for the current year.

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, July 5th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 5.06%. Playtika’s dividend payout ratio is currently 72.73%.

Playtika Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Playtika (NASDAQ:PLTK)

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