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

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has been given an average recommendation of "Hold" by the ten analysts that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $10.43.

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

Playtika Stock Performance

NASDAQ PLTK traded up $0.07 during mid-day trading on Monday, reaching $7.23. 1,005,175 shares of the stock were exchanged, compared to its average volume of 948,813. The business's fifty day simple moving average is $7.07 and its 200 day simple moving average is $7.79. The stock has a market capitalization of $2.68 billion, a PE ratio of 11.30, a PEG ratio of 1.06 and a beta of 0.84. Playtika has a 1-year low of $6.25 and a 1-year high of $12.90.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings data on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.07). Playtika had a net margin of 9.15% and a negative return on equity of 81.85%. The business had revenue of $637.90 million during the quarter, compared to analysts' expectations of $630.26 million. During the same period in the prior year, the firm earned $0.24 EPS. Playtika's revenue for the quarter was up 1.1% on a year-over-year basis. On average, analysts anticipate that Playtika will post 0.69 EPS for the current year.

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 22nd were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date of this dividend was Thursday, March 21st. Playtika's dividend payout ratio is presently 62.50%.

Institutional Trading of Playtika

A number of hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp increased its stake in Playtika by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 23,357 shares of the company's stock worth $225,000 after buying an additional 1,486 shares during the period. Counterpoint Mutual Funds LLC boosted its holdings in Playtika by 12.8% in the fourth quarter. Counterpoint Mutual Funds LLC now owns 13,290 shares of the company's stock valued at $116,000 after purchasing an additional 1,509 shares during the last quarter. Quent Capital LLC increased its holdings in Playtika by 109.1% during the 4th quarter. Quent Capital LLC now owns 3,092 shares of the company's stock worth $27,000 after purchasing an additional 1,613 shares during the last quarter. CWM LLC raised its position in shares of Playtika by 1,215.1% in the 3rd 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. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Playtika by 3.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,833 shares of the company's stock valued at $748,000 after purchasing an additional 2,872 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company's stock.

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.