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

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have been given a consensus rating of "Hold" by the nine brokerages that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $7.78.

A number of research firms have recently issued reports on PLTK. Wedbush reiterated an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research note on Friday, May 2nd. Baird R W lowered shares of Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Morgan Stanley lowered their price objective on Playtika from $7.25 to $5.75 and set an "equal weight" rating on the stock in a research report on Thursday, April 17th. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and lifted their price target for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Finally, Macquarie decreased their price objective on shares of Playtika from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Friday, February 28th.

Insider Transactions at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $4.70, for a total value of $1,828,549.10. Following the transaction, the insider now directly owns 199,510,511 shares in the company, valued at approximately $937,699,401.70. This represents a 0.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders sold 739,922 shares of company stock worth $3,548,194 in the last 90 days. Insiders own 5.10% of the company's stock.

Institutional Investors Weigh In On Playtika

A number of institutional investors have recently modified their holdings of the company. Covestor Ltd boosted its stake in shares of Playtika by 11.4% in the fourth quarter. Covestor Ltd now owns 14,103 shares of the company's stock valued at $98,000 after purchasing an additional 1,447 shares during the period. Sterling Capital Management LLC lifted its position in shares of Playtika by 57.2% during the 4th 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. Choreo LLC boosted its stake in Playtika by 14.9% in the fourth quarter. Choreo LLC now owns 12,485 shares of the company's stock valued at $90,000 after acquiring an additional 1,619 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Playtika by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company's stock valued at $3,726,000 after purchasing an additional 1,639 shares during the period. Finally, SummerHaven Investment Management LLC grew its position in shares of Playtika by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company's stock worth $534,000 after acquiring an additional 2,006 shares during the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Price Performance

Shares of PLTK traded down $0.08 during midday trading on Friday, hitting $4.81. The stock had a trading volume of 993,850 shares, compared to its average volume of 1,185,789. The firm has a market cap of $1.80 billion, a PE ratio of 8.29, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85. Playtika has a 1 year low of $3.97 and a 1 year high of $8.99. The stock's 50 day moving average is $4.96 and its 200 day moving average is $6.13.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.02). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The company had revenue of $706.00 million during the quarter, compared to analysts' expectations of $699.67 million. During the same period in the prior year, the business earned $0.14 EPS. The company's quarterly revenue was up 8.4% on a year-over-year basis. As a group, equities research analysts expect that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be given a dividend of $0.10 per share. The ex-dividend date is Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 8.32%. Playtika's payout ratio is 105.26%.

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.