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

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have earned an average rating of "Hold" from the nine analysts that are presently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $7.78.

Several equities research analysts recently commented on the company. Robert W. Baird reissued a "neutral" rating and issued a $6.00 price target (down previously from $9.00) on shares of Playtika in a research note on Friday, February 28th. Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a research report on Friday, May 2nd. Bank of America upgraded Playtika from an "underperform" rating to a "buy" rating and increased their target price for the company from $6.00 to $6.50 in a research note on Wednesday, March 26th. Baird R W lowered Playtika from a "strong-buy" rating to a "hold" rating in a report on Friday, February 28th. Finally, Citigroup dropped their price target on Playtika from $10.00 to $9.00 and set a "buy" rating on the stock in a research report on Friday, March 7th.

Insider Activity at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total value of $1,828,549.10. Following the completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 739,922 shares of company stock worth $3,548,194. 5.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Acadian Asset Management LLC raised its stake in shares of Playtika by 366.2% in the first quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company's stock valued at $7,989,000 after purchasing an additional 1,215,843 shares in the last quarter. Jane Street Group LLC raised its stake in Playtika by 536.3% during the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company's stock worth $7,003,000 after acquiring an additional 1,141,685 shares in the last quarter. Fred Alger Management LLC acquired a new position in Playtika during the first quarter worth $268,000. Petrus Trust Company LTA acquired a new position in Playtika during the first quarter worth $363,000. Finally, New Vernon Capital Holdings II LLC acquired a new position in Playtika during the first quarter worth $849,000. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $4.88 on Friday. The stock has a market cap of $1.83 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 1.69 and a beta of 0.85. The business has a 50 day simple moving average of $4.96 and a 200 day simple moving average of $6.18. Playtika has a 52 week low of $3.97 and a 52 week high of $9.07.

Playtika (NASDAQ:PLTK - Get Free Report) last announced 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). The firm had revenue of $706.00 million during the quarter, compared to the consensus estimate of $699.67 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company's quarterly revenue was up 8.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, analysts predict that Playtika will post 0.65 EPS for the current year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 7th. Investors of record on Monday, June 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 dividend on an annualized basis and a dividend yield of 8.20%. 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.

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