Playtika Holding Corp. (NASDAQ:PLTK) Receives Consensus Rating of "Hold" from Analysts

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) has been assigned an average recommendation of "Hold" from the ten analysts that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.00.

PLTK has been the topic of several research analyst reports. Roth Mkm raised their target price on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Wedbush reissued an "outperform" rating and set a $11.50 price objective on shares of Playtika in a report on Thursday, September 19th. Finally, Macquarie restated a "neutral" rating and issued a $7.00 target price on shares of Playtika in a report on Friday, November 8th.

Playtika Trading Up 1.6 %

NASDAQ:PLTK traded up $0.11 during mid-day trading on Friday, hitting $7.00. The stock had a trading volume of 740,432 shares, compared to its average volume of 742,166. Playtika has a twelve month low of $6.25 and a twelve month high of $9.15. The stock has a 50-day simple moving average of $7.92 and a two-hundred day simple moving average of $7.69. The company has a market capitalization of $2.61 billion, a PE ratio of 12.07, a PEG ratio of 1.97 and a beta of 0.88.

Playtika (NASDAQ:PLTK - Get Free Report) last announced 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 firm had revenue of $620.80 million during 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%. Playtika's revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.19 earnings per share. Sell-side analysts predict that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 3rd. Investors of record on Friday, December 20th were issued a dividend of $0.10 per share. The ex-dividend date was Friday, December 20th. This represents a $0.40 annualized dividend and a yield of 5.71%. Playtika's dividend payout ratio is currently 68.97%.

Insider Buying and Selling at Playtika

In other news, major shareholder Holding Uk Ltd Playtika II sold 73,321 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $8.55, for a total value of $626,894.55. Following the completion of the transaction, the insider now owns 203,065,335 shares in the company, valued at $1,736,208,614.25. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last 90 days, insiders have sold 753,894 shares of company stock valued at $6,239,985. 4.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp raised its stake in shares of Playtika by 40.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 128,725 shares of the company's stock worth $1,013,000 after buying an additional 36,883 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Playtika by 16.5% in the second quarter. Allspring Global Investments Holdings LLC now owns 37,726 shares of the company's stock valued at $297,000 after purchasing an additional 5,352 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Playtika during the 2nd quarter worth approximately $83,000. Savant Capital LLC raised its position in shares of Playtika by 35.7% during the 2nd quarter. Savant Capital LLC now owns 119,148 shares of the company's stock worth $938,000 after purchasing an additional 31,340 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in Playtika in the 2nd quarter valued at approximately $43,000. 11.94% of the stock is owned by hedge funds and other 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.