Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of "Hold" by Analysts

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have been given an average rating of "Hold" by the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $10.43.

A number of analysts have weighed in on the stock. Wedbush cut their target price on shares of Playtika from $14.75 to $11.50 and set an "outperform" rating on the stock in a research report on Tuesday, February 27th. HSBC downgraded shares of Playtika from a "buy" rating to a "hold" rating and dropped their price target for the company from $14.90 to $8.00 in a research note on Monday, January 22nd. Morgan Stanley dropped their price target on shares of Playtika from $10.00 to $7.50 and set an "equal weight" rating for the company in a research note on Tuesday, February 27th. Stifel Nicolaus dropped their price target on shares of Playtika from $12.00 to $11.00 and set a "buy" rating for the company in a research note on Friday, February 23rd. Finally, Bank of America downgraded shares of Playtika from a "neutral" rating to an "underperform" rating and dropped their price target for the company from $11.00 to $8.00 in a research note on Thursday, January 18th.

Playtika Trading Down 3.9 %

Shares of Playtika stock traded down $0.28 during trading hours on Thursday, reaching $6.89. 880,686 shares of the company's stock were exchanged, compared to its average volume of 973,661. The company has a 50 day moving average of $7.23 and a two-hundred day moving average of $8.14. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $12.90. The stock has a market cap of $2.55 billion, a P/E ratio of 11.20, a P/E/G ratio of 1.02 and a beta of 0.84.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings results on Monday, February 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The firm had revenue of $637.90 million for the quarter, compared to analyst estimates of $630.26 million. During the same quarter in the prior year, the business posted $0.24 EPS. The business's revenue was up 1.1% on a year-over-year basis. As a group, analysts expect that Playtika will post 0.7 earnings per share for the current fiscal year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 5.81%. The ex-dividend date of this dividend is Thursday, March 21st. Playtika's dividend payout ratio is presently 62.50%.

Hedge Funds Weigh In On Playtika

A number of hedge funds have recently bought and sold shares of the company. Quent Capital LLC increased its stake in Playtika by 109.1% in the fourth quarter. Quent Capital LLC now owns 3,092 shares of the company's stock valued at $27,000 after purchasing an additional 1,613 shares in the last quarter. CWM LLC increased its stake in Playtika by 1,215.1% in the third quarter. CWM LLC now owns 2,959 shares of the company's stock valued at $28,000 after purchasing an additional 2,734 shares in the last quarter. Skandinaviska Enskilda Banken AB publ bought a new stake in Playtika in the third quarter valued at $33,000. International Assets Investment Management LLC increased its stake in Playtika by 772.0% in the fourth quarter. International Assets Investment Management LLC now owns 3,924 shares of the company's stock valued at $34,000 after purchasing an additional 3,474 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of Playtika by 784.7% during the second quarter. Captrust Financial Advisors now owns 3,362 shares of the company's stock valued at $45,000 after buying an additional 2,982 shares during the last quarter. Institutional investors own 11.94% of the company's stock.

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.