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

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have earned a consensus rating of "Hold" from the eight brokerages that are presently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.25.

A number of analysts have weighed in on the company. Roth Mkm increased their price target on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. Macquarie reiterated a "neutral" rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the company's stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $7.54, for a total value of $572,459.42. Following the sale, the insider now owns 200,554,660 shares in the company, valued at $1,512,182,136.40. This represents a 0.04 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders have sold a total of 753,894 shares of company stock worth $6,239,985 in the last ninety days. Corporate insiders own 4.80% of the company's stock.

Institutional Trading of Playtika

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in shares of Playtika by 146.0% during the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock valued at $34,000 after buying an additional 2,910 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Playtika by 148.7% during the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock worth $41,000 after acquiring an additional 3,496 shares during the last quarter. Neo Ivy Capital Management bought a new stake in shares of Playtika in the 3rd quarter worth $56,000. R Squared Ltd purchased a new stake in shares of Playtika in the fourth quarter valued at about $57,000. Finally, Capital Performance Advisors LLP bought a new position in shares of Playtika during the third quarter valued at about $62,000. 11.94% of the stock is owned by institutional investors.

Playtika Price Performance

Shares of Playtika stock traded down $0.20 during midday trading on Wednesday, reaching $7.17. The company had a trading volume of 922,605 shares, compared to its average volume of 712,990. The firm has a market cap of $2.67 billion, a PE ratio of 12.36, a P/E/G ratio of 1.76 and a beta of 0.92. The stock has a fifty day moving average price of $7.44 and a 200 day moving average price of $7.60. Playtika has a fifty-two week low of $6.25 and a fifty-two week high of $9.15.

Playtika (NASDAQ:PLTK - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts' consensus estimates of $0.18 by ($0.07). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same period in the prior year, the company posted $0.19 earnings per share. The company's revenue for the quarter was down 1.5% compared to the same quarter last year. As a group, sell-side analysts forecast that Playtika will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 3rd. Stockholders of record on Friday, December 20th were issued 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 68.97%.

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.