Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Rating of "Hold" from Brokerages

Key Points

• Playtika Holding Corp. has received an average rating of "Hold" from ten analysts, with one sell, six hold, and three buy recommendations.
• The company reported $0.02 earnings per share for the last quarter, missing estimates and showing an 11% year-over-year revenue growth.
• Playtika has announced a quarterly dividend of $0.10 per share, yielding 11.3%, with a high dividend payout ratio of 166.67%.

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has been assigned a consensus rating of "Hold" from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $6.6563.

A number of brokerages recently issued reports on PLTK. Wall Street Zen upgraded shares of Playtika from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. Wedbush decreased their target price on shares of Playtika from $11.50 to $7.00 and set an "outperform" rating for the company in a research report on Friday, August 8th. UBS Group decreased their target price on shares of Playtika from $5.50 to $4.00 and set a "neutral" rating for the company in a research report on Thursday, September 11th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Playtika in a research report on Wednesday.

Playtika Trading Down 1.4%

NASDAQ PLTK opened at $3.54 on Thursday. The company's fifty day simple moving average is $3.76 and its 200-day simple moving average is $4.49. Playtika has a 52 week low of $3.37 and a 52 week high of $8.80. The stock has a market cap of $1.33 billion, a P/E ratio of 14.75, a PEG ratio of 1.21 and a beta of 0.86.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.13). The company had revenue of $696.00 million during the quarter, compared to analyst estimates of $706.03 million. Playtika had a net margin of 3.23% and a negative return on equity of 83.90%. The company's revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.23 earnings per share. Playtika has set its FY 2025 guidance at EPS. On average, research analysts expect 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 given a dividend of $0.10 per share. The ex-dividend date is Friday, September 26th. This represents a $0.40 annualized dividend and a dividend yield of 11.3%. Playtika's dividend payout ratio (DPR) is 166.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Allworth Financial LP lifted its position in shares of Playtika by 117.1% in the first quarter. Allworth Financial LP now owns 4,996 shares of the company's stock worth $26,000 after purchasing an additional 2,695 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Playtika in the second quarter worth approximately $27,000. Quarry LP purchased a new stake in shares of Playtika in the first quarter worth approximately $29,000. US Bancorp DE lifted its position in shares of Playtika by 280.9% in the first quarter. US Bancorp DE now owns 6,707 shares of the company's stock worth $35,000 after purchasing an additional 4,946 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in shares of Playtika by 15,890.5% in the first quarter. Brooklyn Investment Group now owns 6,716 shares of the company's stock worth $35,000 after purchasing an additional 6,674 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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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