Shares of Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) have earned an average rating of “Hold” from the six research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $3.67.
Several equities analysts have recently commented on PLTK shares. The Goldman Sachs Group set a $3.75 target price on Playtika in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d)” rating on shares of Playtika in a report on Wednesday, August 26th. Morgan Stanley set a $4.25 price target on Playtika in a report on Monday, August 10th. Wall Street Zen downgraded Playtika from a “buy” rating to a “hold” rating in a research note on Saturday, August 22nd. Finally, Citigroup reduced their target price on shares of Playtika from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Wednesday, October 14th.
Check Out Our Latest Report on PLTK
Playtika Stock Up 0.5%
Shares of PLTK stock opened at $2.07 on Tuesday. The firm has a 50 day moving average price of $2.24 and a two-hundred day moving average price of $3.08. The company has a market capitalization of $789.54 million, a PE ratio of -2.84 and a beta of 1.07. Playtika has a 12-month low of $2.01 and a 12-month high of $4.42.
Institutional Investors Weigh In On Playtika
Hedge funds and other institutional investors have recently made changes to their positions in the business. Independent Financial Group LLC bought a new position in Playtika during the 1st quarter worth $28,000. Sanctuary Advisors LLC bought a new stake in shares of Playtika during the 2nd quarter valued at $43,000. Pallas Capital Advisors LLC acquired a new position in Playtika in the second quarter valued at about $45,000. Bull Harbor Capital LLC bought a new stake in Playtika during the first quarter worth about $50,000. Finally, Callan Family Office LLC bought a new stake in Playtika during the second quarter worth about $70,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.
About Playtika
Playtika Holding Corp. is a digital entertainment company that develops and operates free-to-play mobile and web games. Its business focuses on social casino, casual, and other interactive gaming experiences that generate revenue through in-game purchases and advertising.
Playtika’s portfolio has included widely recognized titles such as Slotomania, Bingo Blitz, House of Fun, Caesars Slots, and World Series of Poker. The company uses data analytics, live-operations capabilities, and ongoing content updates to engage players and support the long-term performance of its games.
Founded in 2010, Playtika initially helped pioneer free-to-play social casino gaming on social networks and later expanded into mobile platforms.
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