Playtika Holding Corp. (NASDAQ:PLTK) Receives Consensus Recommendation of "Hold" from Brokerages

Shares of Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) have been given a consensus recommendation of "Hold" by the ten ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $9.00.

A number of research analysts recently issued reports on the company. Macquarie reaffirmed a "neutral" rating and set a $7.00 target price on shares of Playtika in a report on Friday, November 8th. Roth Mkm lifted their price objective on shares of Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Wedbush reissued an "outperform" rating and set a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 97,266 shares of the company's stock in a transaction 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 transaction, the insider now directly owns 202,968,069 shares of the company's stock, valued at approximately $1,763,792,519.61. The trade was a 0.05 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders sold 386,463 shares of company stock valued at $3,285,905. Company insiders own 4.80% of the company's stock.

Hedge Funds Weigh In On Playtika

Large investors have recently made changes to their positions in the business. KBC Group NV grew its position in Playtika by 19.3% during the third quarter. KBC Group NV now owns 7,820 shares of the company's stock valued at $62,000 after purchasing an additional 1,266 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Playtika by 14.3% during the 3rd quarter. Captrust Financial Advisors now owns 21,474 shares of the company's stock valued at $170,000 after acquiring an additional 2,694 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of Playtika by 3.3% in the third quarter. SG Americas Securities LLC now owns 99,306 shares of the company's stock worth $787,000 after acquiring an additional 3,206 shares during the last quarter. Dynamic Advisor Solutions LLC raised its holdings in shares of Playtika by 16.8% during the second quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company's stock worth $179,000 after acquiring an additional 3,265 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in Playtika during the second quarter valued at $31,000. Institutional investors and hedge funds own 11.94% of the company's stock.

Playtika Stock Performance

Shares of NASDAQ:PLTK traded down $0.34 during trading on Tuesday, reaching $8.27. The company had a trading volume of 708,672 shares, compared to its average volume of 845,191. The firm's fifty day moving average is $8.07 and its 200 day moving average is $7.87. The firm has a market capitalization of $3.08 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 2.21 and a beta of 0.87. Playtika has a twelve month low of $6.25 and a twelve month high of $9.23.

Playtika (NASDAQ:PLTK - Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (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 for the quarter, compared to the consensus estimate of $622.46 million. During the same period in the previous year, the business posted $0.19 earnings per share. The business's revenue for the quarter was down 1.5% compared to the same quarter last year. Equities analysts predict 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 Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.84%. Playtika's dividend payout ratio is currently 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.