Playtika Holding Corp. (NASDAQ:PLTK) Receives $7.04 Average Price Target from Analysts

Key Points

• Playtika Holding Corp. has received an average consensus rating of "Hold" from eight brokerages, with five recommending a hold and three a buy.
• The company's major shareholder, Holding Uk Ltd Playtika II, sold 150,869 shares recently, decreasing their ownership by 0.08%.
• Playtika reported earnings per share of $0.02 for the last quarter, missing analyst expectations, while the stock opened at $3.70, well below its 1-year high of $8.80.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has been assigned an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $7.0357.

A number of analysts have recently issued reports on the stock. Wedbush lowered their price objective on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a report on Friday, August 8th. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a report on Saturday, August 9th.

Playtika Price Performance

PLTK traded up $0.19 during trading on Wednesday, reaching $3.74. The company had a trading volume of 2,029,075 shares, compared to its average volume of 1,873,214. Playtika has a 12 month low of $3.52 and a 12 month high of $8.80. The business's fifty day moving average price is $4.44 and its 200 day moving average price is $5.01. The company has a market cap of $1.41 billion, a P/E ratio of 15.58, a PEG ratio of 1.20 and a beta of 0.85.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.13). Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The company had revenue of $696.00 million during the quarter, compared to the consensus estimate of $706.03 million. During the same period in the previous year, the firm posted $0.23 EPS. The business's quarterly revenue was up 11.0% compared to the same quarter last year. Playtika has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Friday, September 26th will be issued a $0.10 dividend. The ex-dividend date is Friday, September 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 10.7%. Playtika's dividend payout ratio (DPR) is 166.67%.

Insiders Place Their Bets

In related news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the business's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $4.70, for a total transaction of $1,828,549.10. Following the transaction, the insider directly owned 199,510,511 shares in the company, valued at approximately $937,699,401.70. The trade was a 0.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.10% of the company's stock.

Hedge Funds Weigh In On Playtika

Institutional investors have recently added to or reduced their stakes in the company. Sterling Capital Management LLC increased its holdings in Playtika by 57.2% during the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after buying an additional 1,534 shares during the last quarter. Allworth Financial LP increased its holdings in Playtika by 117.1% during the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after buying an additional 2,695 shares during the last quarter. Quarry LP acquired a new position in Playtika during the first quarter worth $29,000. Ameritas Investment Partners Inc. acquired a new position in Playtika during the second quarter worth $27,000. Finally, US Bancorp DE increased its holdings in Playtika by 280.9% during the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after buying an additional 4,946 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.