Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Rating of “Hold” by Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been given a consensus rating of “Hold” by the eight analysts that are presently covering the stock, MarketBeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $9.25.

Several equities research analysts have weighed in on PLTK shares. Macquarie reaffirmed a “neutral” rating and issued a $7.00 target price on shares of Playtika in a research report on Friday, November 8th. Roth Mkm increased their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Friday, November 8th.

Playtika Stock Down 2.7 %

Shares of PLTK opened at $7.17 on Wednesday. Playtika has a 52-week low of $6.25 and a 52-week high of $9.15. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 12.36, a PEG ratio of 1.76 and a beta of 0.92. The business’s 50 day moving average is $7.44 and its two-hundred day moving average is $7.59.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). The firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The company’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 EPS. On average, equities analysts expect that Playtika will post 0.65 earnings per share for the current fiscal year.

Playtika Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.40 annualized dividend and a dividend yield of 5.58%. Playtika’s dividend payout ratio is presently 68.97%.

Insider Buying and Selling at Playtika

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $8.69, for a total transaction of $845,241.54. Following the sale, the insider now directly owns 202,968,069 shares in the company, valued at $1,763,792,519.61. This represents a 0.05 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 753,894 shares of company stock valued at $6,239,985 in the last ninety days. Company insiders own 4.80% of the company’s stock.

Hedge Funds Weigh In On Playtika

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. State Street Corp grew its position in shares of Playtika by 12.9% in the 3rd quarter. State Street Corp now owns 1,317,709 shares of the company’s stock valued at $10,564,000 after purchasing an additional 150,878 shares during the period. CWM LLC boosted its position in Playtika by 65.1% during the third quarter. CWM LLC now owns 85,971 shares of the company’s stock worth $681,000 after purchasing an additional 33,902 shares during the period. Jacobs Levy Equity Management Inc. lifted its position in Playtika by 14.3% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,137,595 shares of the company’s stock worth $9,010,000 after acquiring an additional 142,112 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in shares of Playtika by 43.6% during the third quarter. Sanctuary Advisors LLC now owns 31,809 shares of the company’s stock worth $271,000 after purchasing an additional 9,658 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Playtika by 76.2% during the 4th quarter. SG Americas Securities LLC now owns 175,008 shares of the company’s stock worth $1,215,000 after acquiring an additional 75,702 shares in the last quarter. 11.94% of the stock is owned by institutional investors.

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.