Playtika Holding Corp. (NASDAQ:PLTK) Stock Has Consensus Price Target of $3.67

Key Points

• Analysts have a consensus “Hold” rating on Playtika, with one sell, three hold, and two buy recommendations. The average 12-month price target is $3.67.
• Recent analysts have generally reduced or maintained their targets: Roth Capital cut its target to $2.75, Citigroup lowered its target to $3.50 while retaining a buy rating, and Morgan Stanley and Goldman Sachs set targets of $4.25 and $3.75, respectively.
• Playtika shares opened at $2.07, near their 52-week low of $2.04, while the stock’s 50-day and 200-day moving averages were $2.27 and $3.10. Institutional investors own 11.94% of the company.

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have been given a consensus recommendation of "Hold" by the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.67.

Several research analysts have recently weighed in on the company. Wall Street Zen downgraded Playtika from a "buy" rating to a "hold" rating in a research note on Saturday, August 22nd. Roth Capital lowered their price objective on Playtika from $3.50 to $2.75 and set a "neutral" rating on the stock in a research note on Monday, August 31st. Citigroup lowered their price objective on Playtika from $4.00 to $3.50 and set a "buy" rating on the stock in a research note on Wednesday, October 14th. Morgan Stanley set a $4.25 price objective on shares of Playtika in a report on Monday, August 10th. Finally, The Goldman Sachs Group set a $3.75 target price on shares of Playtika in a research report on Friday, August 7th.

Playtika Stock Performance

PLTK opened at $2.07 on Tuesday. Playtika has a fifty-two week low of $2.04 and a fifty-two week high of $4.42. The firm has a 50-day moving average of $2.27 and a 200 day moving average of $3.10. The firm has a market cap of $789.54 million, a P/E ratio of -2.84 and a beta of 1.07.

Institutional Trading of Playtika

Hedge funds and other institutional investors have recently modified their holdings of the business. Independent Financial Group LLC bought a new position in Playtika in the 1st quarter worth approximately $28,000. Sanctuary Advisors LLC bought a new stake in Playtika during the 2nd quarter valued at $43,000. Pallas Capital Advisors LLC bought a new stake in Playtika during the 2nd quarter valued at $45,000. Bull Harbor Capital LLC bought a new stake in Playtika during the 1st quarter valued at $50,000. Finally, AXQ Capital LP bought a new stake in Playtika during the 2nd quarter valued at $70,000. Institutional investors own 11.94% of the company's stock.

About Playtika

Playtika Holding Corp. is a digital entertainment company that develops and operates free-to-play mobile and social games. Its business focuses on casual and social gaming experiences that generate revenue through in-game purchases, advertising, and other virtual goods.

The company's portfolio has included titles such as Slotomania, Caesars Slots, Bingo Blitz, House of Fun, June's Journey, Board Kings, and World Series of Poker. Playtika uses data analytics, live-operations capabilities, and ongoing content updates to manage player engagement and extend the life of its games.

Founded in 2010, Playtika is headquartered in Israel and serves players internationally through mobile applications and online platforms.

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