Playtika Holding Corp. (NASDAQ:PLTK) Receives $6.66 Average PT from Analysts

Key Points

• Playtika Holding Corp. has received a consensus rating of "Hold" from analysts, with six ratings as hold and three as buy, amid a target price average of $6.66.
• The company reported a loss of $0.13 EPS for the last quarter, missing analysts' estimates, with revenue of $696 million compared to expectations of $706.03 million.
• Playtika announced a $0.10 quarterly dividend with an impressive annualized yield of 10.7%, due to be paid on October 10th, while its payout ratio stands at 166.67%.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has earned a consensus recommendation of "Hold" from the nine analysts that are currently covering the company, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.6563.

A number of analysts have issued reports on the company. UBS Group reduced their price objective on Playtika from $5.50 to $4.00 and set a "neutral" rating on the stock in a research note on Thursday, September 11th. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Finally, Wedbush decreased their price target on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating on the stock in a research note on Friday, August 8th.

Playtika Stock Down 3.7%

PLTK stock traded down $0.14 during midday trading on Friday, hitting $3.50. The company's stock had a trading volume of 1,301,820 shares, compared to its average volume of 1,760,804. Playtika has a 1 year low of $3.42 and a 1 year high of $8.80. The stock's 50-day moving average price is $4.03 and its 200 day moving average price is $4.59. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 14.56, a PEG ratio of 1.17 and a beta of 0.84.

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

Playtika Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Shareholders of record on Friday, September 26th will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, September 26th. This represents a $0.40 annualized dividend and a yield of 11.4%. Playtika's dividend payout ratio is 166.67%.

Institutional Trading of Playtika

Hedge funds and other institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC raised its holdings in Playtika by 65.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company's stock valued at $29,630,000 after acquiring an additional 2,511,228 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in shares of Playtika by 19.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company's stock worth $17,541,000 after buying an additional 595,494 shares during the last quarter. Vanguard Group Inc. increased its stake in Playtika by 4.0% during the first quarter. Vanguard Group Inc. now owns 3,610,729 shares of the company's stock worth $18,667,000 after acquiring an additional 137,482 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Playtika by 6.4% during the first quarter. The Manufacturers Life Insurance Company now owns 3,113,062 shares of the company's stock worth $16,095,000 after acquiring an additional 186,208 shares during the last quarter. Finally, Acadian Asset Management LLC increased its stake in Playtika by 27.4% during the second quarter. Acadian Asset Management LLC now owns 1,971,608 shares of the company's stock worth $9,311,000 after acquiring an additional 423,779 shares during the last quarter. Institutional investors and hedge funds 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.