Roth Mkm Forecasts Strong Price Appreciation for Playtika (NASDAQ:PLTK) Stock

Playtika (NASDAQ:PLTK - Free Report) had its target price hoisted by Roth Mkm from $8.00 to $9.00 in a research report report published on Friday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other research firms have also weighed in on PLTK. Wedbush reiterated an "outperform" rating and set a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Morgan Stanley boosted their price objective on Playtika from $7.40 to $8.25 and gave the company an "equal weight" rating in a research report on Tuesday, July 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Playtika has a consensus rating of "Hold" and an average target price of $9.21.

Playtika Trading Down 0.6 %

Shares of NASDAQ:PLTK traded down $0.05 during midday trading on Friday, hitting $8.31. The company had a trading volume of 860,818 shares, compared to its average volume of 863,961. The firm has a fifty day simple moving average of $7.69 and a 200 day simple moving average of $7.80. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 1.70 and a beta of 0.85. Playtika has a 12 month low of $6.25 and a 12 month high of $9.23.

Playtika (NASDAQ:PLTK - Get Free Report) last announced its quarterly earnings results 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 8.44% and a negative return on equity of 127.12%. The company had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same period last year, the company earned $0.19 earnings per share. The business's revenue was down 1.5% compared to the same quarter last year. Equities analysts forecast that Playtika will post 0.73 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be issued 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 4.81%. Playtika's payout ratio is 70.18%.

Hedge Funds Weigh In On Playtika

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTK. Pacer Advisors Inc. boosted its stake in shares of Playtika by 19.7% during the 2nd quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company's stock worth $74,138,000 after acquiring an additional 1,552,606 shares during the period. AQR Capital Management LLC raised its position in shares of Playtika by 66.6% in the second quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company's stock valued at $61,672,000 after buying an additional 3,132,272 shares in the last quarter. LSV Asset Management boosted its stake in shares of Playtika by 3.4% in the first quarter. LSV Asset Management now owns 7,756,485 shares of the company's stock valued at $54,683,000 after buying an additional 256,353 shares during the period. Vanguard Group Inc. grew its position in Playtika by 2.2% during the first quarter. Vanguard Group Inc. now owns 3,566,049 shares of the company's stock worth $25,141,000 after buying an additional 76,948 shares in the last quarter. Finally, Renaissance Technologies LLC increased its stake in Playtika by 1.6% during the 2nd quarter. Renaissance Technologies LLC now owns 2,106,345 shares of the company's stock worth $16,577,000 after acquiring an additional 32,802 shares during the period. Institutional investors own 11.94% of the company's stock.

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.