Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Recommendation of "Hold" by Brokerages

Key Points

• Analysts have a consensus “Hold” rating on Playtika, with one sell, four hold, and two buy recommendations. The average 12-month price target is approximately $4.11.
• PLTK opened at $2.32, below its 50-day and 200-day moving averages of $3.41 and $3.31, respectively, and is trading near its one-year low of $2.09.
• Institutional investors have recently initiated or increased positions in Playtika, but they collectively own only 11.94% of the stock.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has earned a consensus recommendation of "Hold" from the seven brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $4.1071.

A number of equities analysts recently weighed in on PLTK shares. TD Cowen reissued a "buy" rating on shares of Playtika in a research note on Tuesday, June 9th. Weiss Ratings reissued a "sell (d)" rating on shares of Playtika in a research report on Wednesday. Morgan Stanley set a $4.25 target price on Playtika in a research report on Monday, August 10th. The Goldman Sachs Group set a $3.75 target price on Playtika in a research note on Friday, August 7th. Finally, Wall Street Zen lowered Playtika from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd.

Playtika Price Performance

PLTK opened at $2.32 on Monday. The business has a fifty day simple moving average of $3.41 and a 200 day simple moving average of $3.31. Playtika has a 1 year low of $2.09 and a 1 year high of $4.42. The company has a market capitalization of $884.89 million, a PE ratio of -3.18 and a beta of 1.09.

Institutional Trading of Playtika

A number of hedge funds and other institutional investors have recently made changes to their positions in PLTK. Independent Financial Group LLC bought a new position in Playtika during the 1st quarter worth approximately $28,000. Kestra Advisory Services LLC purchased a new position in shares of Playtika in the fourth quarter valued at about $32,000. Comerica Bank raised its stake in shares of Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company's stock valued at $36,000 after acquiring an additional 6,704 shares during the last quarter. ProShare Advisors LLC bought a new position in shares of Playtika during the fourth quarter valued at about $41,000. Finally, Keynote Financial Services LLC bought a new position in shares of Playtika during the fourth quarter valued at about $41,000. 11.94% of the stock is currently owned by institutional investors.

Playtika Company Profile

Playtika Ltd. NASDAQ: PLTK is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika's platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company's diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.

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