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

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average rating of “Hold” from the nine ratings firms that are presently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $7.78.

Several research firms recently commented on PLTK. Citigroup dropped their price target on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, March 7th. Wedbush restated an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Friday, May 2nd. Bank of America upgraded Playtika from an “underperform” rating to a “buy” rating and lifted their price target for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Baird R W downgraded Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th. Finally, Macquarie dropped their price objective on Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 200,000 shares of the firm’s stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $5.00, for a total value of $1,000,000.00. Following the transaction, the insider now directly owns 200,347,048 shares of the company’s stock, valued at approximately $1,001,735,240. This trade represents a 0.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Playtika

Hedge funds have recently bought and sold shares of the business. Allworth Financial LP boosted its holdings in shares of Playtika by 117.1% during the 1st quarter. Allworth Financial LP now owns 4,996 shares of the company’s stock worth $26,000 after purchasing an additional 2,695 shares during the last quarter. Sterling Capital Management LLC lifted its position in Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after buying an additional 1,534 shares in the last quarter. Quarry LP acquired a new position in Playtika during the first quarter worth $29,000. GAMMA Investing LLC grew its holdings in Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after buying an additional 2,910 shares in the last quarter. Finally, US Bancorp DE increased its stake in shares of Playtika by 280.9% in the 1st quarter. US Bancorp DE now owns 6,707 shares of the company’s stock worth $35,000 after acquiring an additional 4,946 shares during the last quarter. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Stock Down 0.4%

Shares of PLTK opened at $5.00 on Monday. The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 8.62, a PEG ratio of 1.69 and a beta of 0.91. Playtika has a 52 week low of $3.97 and a 52 week high of $9.16. The stock’s 50-day moving average price is $4.96 and its 200-day moving average price is $6.50.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). The company had revenue of $706.00 million during the quarter, compared to analysts’ expectations of $699.67 million. Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, equities analysts anticipate that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Shareholders of record on Monday, June 23rd will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.00%. Playtika’s payout ratio is currently 105.26%.

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.