Playtika Holding Corp. (NASDAQ:PLTK) Receives $6.66 Consensus Price Target from Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average rating of “Hold” from the ten analysts that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating on the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.6563.

PLTK has been the topic of several research reports. Wall Street Zen raised shares of Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 9th. Weiss Ratings reissued a “sell (d+)” rating on shares of Playtika in a research report on Wednesday, October 8th. UBS Group lowered their price objective on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 11th. Finally, Wedbush lowered their price objective on shares of Playtika from $11.50 to $7.00 and set an “outperform” rating on the stock in a research report on Friday, August 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. SummerHaven Investment Management LLC grew its holdings in Playtika by 2.0% in the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company’s stock valued at $534,000 after purchasing an additional 2,006 shares during the period. Allworth Financial LP grew its holdings in Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock valued at $26,000 after purchasing an additional 2,695 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Playtika by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 56,416 shares of the company’s stock valued at $392,000 after purchasing an additional 2,886 shares during the period. New York State Common Retirement Fund grew its holdings in Playtika by 21.8% in the first quarter. New York State Common Retirement Fund now owns 23,143 shares of the company’s stock valued at $120,000 after purchasing an additional 4,145 shares during the period. Finally, Corient Private Wealth LLC grew its holdings in Playtika by 23.6% in the second quarter. Corient Private Wealth LLC now owns 24,446 shares of the company’s stock valued at $116,000 after purchasing an additional 4,662 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Trading Down 0.6%

Shares of Playtika stock opened at $3.37 on Thursday. The company has a fifty day simple moving average of $3.70 and a 200-day simple moving average of $4.45. Playtika has a 12-month low of $3.34 and a 12-month high of $8.80. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 14.04, a PEG ratio of 1.14 and a beta of 0.86.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The company had revenue of $696.00 million during the quarter, compared to analyst estimates of $706.03 million. During the same quarter in the previous year, the company posted $0.23 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Playtika has set its FY 2025 guidance at EPS. On average, analysts forecast that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 10th. Shareholders of record on Friday, September 26th were given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Friday, September 26th. Playtika’s dividend payout ratio (DPR) is presently 166.67%.

Playtika Company Profile

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.