Playtika Holding Corp. (NASDAQ:PLTK) Receives $9.18 Consensus PT from Analysts

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has been given an average rating of "Hold" by the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $9.18.

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

Playtika Price Performance

Shares of NASDAQ:PLTK traded down $0.09 on Friday, hitting $8.45. 505,321 shares of the company's stock were exchanged, compared to its average volume of 857,227. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.19 and a beta of 0.85. The business's 50 day simple moving average is $7.79 and its two-hundred day simple moving average is $7.85. Playtika has a 12 month low of $6.25 and a 12 month high of $9.23.

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

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be given a $0.10 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.73%. Playtika's dividend payout ratio (DPR) is presently 68.97%.

Hedge Funds Weigh In On Playtika

A number of institutional investors have recently modified their holdings of the business. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Playtika during the 2nd quarter worth $31,000. Versant Capital Management Inc purchased a new stake in shares of Playtika during the 2nd quarter valued at $36,000. Acadian Asset Management LLC acquired a new stake in Playtika during the second quarter worth about $43,000. Headlands Technologies LLC raised its holdings in Playtika by 648.8% in the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company's stock valued at $53,000 after buying an additional 5,794 shares during the period. Finally, KBC Group NV raised its stake in shares of Playtika by 19.3% in the 3rd quarter. KBC Group NV now owns 7,820 shares of the company's stock valued at $62,000 after acquiring an additional 1,266 shares during the period. 11.94% of the stock is 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.