Playtika (NASDAQ:PLTK) Sets New 52-Week Low - Time to Sell?

Playtika Holding Corp. (NASDAQ:PLTK - Get Free Report) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $4.57 and last traded at $4.74, with a volume of 1793788 shares changing hands. The stock had previously closed at $4.58.

Analyst Ratings Changes

PLTK has been the subject of a number of research analyst reports. Macquarie decreased their target price on Playtika from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Friday, February 28th. Citigroup decreased their target price on Playtika from $10.00 to $9.00 and set a "buy" rating for the company in a research report on Friday, March 7th. Wedbush reissued an "outperform" rating and issued a $11.50 target price on shares of Playtika in a research report on Wednesday, February 26th. Baird R W cut Playtika from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 28th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $6.00 price objective (down from $9.00) on shares of Playtika in a research report on Friday, February 28th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $8.32.

Playtika Trading Down 8.2 %

The firm has a market capitalization of $1.51 billion, a PE ratio of 6.91, a P/E/G ratio of 1.69 and a beta of 0.98. The business has a 50 day moving average price of $6.44 and a 200-day moving average price of $7.30.

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Playtika Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be paid a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 9.98%. The ex-dividend date of this dividend is Friday, March 21st. Playtika's dividend payout ratio (DPR) is 90.91%.

Hedge Funds Weigh In On Playtika

A number of large investors have recently modified their holdings of PLTK. Sterling Capital Management LLC raised its stake in shares of Playtika by 57.2% during the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company's stock worth $29,000 after buying an additional 1,534 shares in the last quarter. GAMMA Investing LLC increased its stake in Playtika by 146.0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company's stock valued at $34,000 after purchasing an additional 2,910 shares in the last quarter. Versant Capital Management Inc increased its stake in Playtika by 148.7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company's stock valued at $41,000 after purchasing an additional 3,496 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Playtika in the 3rd quarter valued at approximately $56,000. Finally, R Squared Ltd purchased a new position in Playtika in the 4th quarter valued at approximately $57,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

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.