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

Playtika Holding Corp. (NASDAQ:PLTK) has received a consensus rating of “Hold” from the nine research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $6.00.

PLTK has been the topic of several research reports. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a report on Saturday. UBS Group dropped their target price on shares of Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Weiss Ratings restated a “sell (d+)” rating on shares of Playtika in a research report on Wednesday, October 8th. Loop Capital set a $3.75 price target on shares of Playtika in a report on Monday, November 3rd. Finally, Wedbush reiterated an “outperform” rating and issued a $7.00 price target on shares of Playtika in a research report on Friday, October 31st.

Institutional Trading of Playtika

A number of large investors have recently made changes to their positions in PLTK. AQR Capital Management LLC raised its holdings in Playtika by 65.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after acquiring an additional 2,511,228 shares during the last quarter. Acadian Asset Management LLC boosted its stake in Playtika by 366.2% in the 1st quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock worth $7,989,000 after buying an additional 1,215,843 shares during the last quarter. Jane Street Group LLC grew its holdings in Playtika by 536.3% in the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock valued at $7,003,000 after buying an additional 1,141,685 shares during the period. Denali Advisors LLC acquired a new position in shares of Playtika during the 3rd quarter valued at about $3,004,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Playtika by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock worth $17,541,000 after acquiring an additional 595,494 shares during the period. Institutional investors and hedge funds own 11.94% of the company’s stock.

Playtika Trading Up 2.2%

PLTK stock opened at $4.27 on Monday. The firm has a 50 day moving average of $3.67 and a 200-day moving average of $4.28. The company has a market cap of $1.60 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 4.12 and a beta of 0.85. Playtika has a 12-month low of $3.31 and a 12-month high of $8.80.

Playtika (NASDAQ:PLTK) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Playtika had a negative return on equity of 104.93% and a net margin of 3.16%.The business had revenue of $674.60 million for the quarter, compared to analysts’ expectations of $669.60 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The company’s revenue was up 8.7% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. Sell-side analysts forecast that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Shareholders of record on Friday, December 26th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 9.4%. The ex-dividend date is Friday, December 26th. Playtika’s dividend payout ratio is 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.