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

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $9.29.

PLTK has been the topic of a number of analyst reports. Roth Mkm lowered their target price on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Thursday, August 8th. Wedbush reissued an “outperform” rating and set a $11.50 price objective on shares of Playtika in a report on Thursday, August 8th. UBS Group started coverage on Playtika in a report on Monday, June 24th. They set a “neutral” rating and a $8.50 target price for the company. Macquarie downgraded shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Thursday, June 13th. Finally, Morgan Stanley raised their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd.

Hedge Funds Weigh In On Playtika

Several institutional investors and hedge funds have recently made changes to their positions in PLTK. Sanctuary Advisors LLC bought a new stake in Playtika during the 2nd quarter valued at $159,000. Ariadne Wealth Management LP bought a new stake in shares of Playtika in the 2nd quarter worth $82,000. Susquehanna Fundamental Investments LLC lifted its position in Playtika by 365.4% during the second quarter. Susquehanna Fundamental Investments LLC now owns 171,603 shares of the company’s stock valued at $1,351,000 after purchasing an additional 134,732 shares during the period. AQR Capital Management LLC boosted its stake in shares of Playtika by 66.6% in the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock worth $61,672,000 after buying an additional 3,132,272 shares during the last quarter. Finally, Squarepoint Ops LLC bought a new position in shares of Playtika in the 2nd quarter worth approximately $398,000. Institutional investors own 11.94% of the company’s stock.

Playtika Stock Performance

PLTK stock opened at $7.40 on Friday. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $10.84. The stock has a fifty day moving average of $7.45 and a 200-day moving average of $7.60. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 1.00 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued its earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. Playtika had a net margin of 8.44% and a negative return on equity of 127.12%. The firm had revenue of $627.00 million during the quarter, compared to analyst estimates of $640.27 million. During the same quarter last year, the business earned $0.21 earnings per share. The company’s quarterly revenue was down 2.5% on a year-over-year basis. Equities analysts predict that Playtika will post 0.73 EPS for the current year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be given a $0.10 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.40 annualized dividend and a yield of 5.41%. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

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.