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.
Read Our Latest Analysis on Playtika
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
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Get Free ReportPlaytika 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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