Playtika (NASDAQ:PLTK) Receives "Neutral" Rating from Macquarie

Playtika (NASDAQ:PLTK - Get Free Report)'s stock had its "neutral" rating reiterated by stock analysts at Macquarie in a report released on Friday,Benzinga reports. They presently have a $7.00 target price on the stock. Macquarie's price target points to a potential downside of 15.76% from the stock's current price.

A number of other research analysts also recently weighed in on PLTK. Roth Mkm raised their price target on Playtika from $8.00 to $9.00 and gave the company a "neutral" rating in a research note on Friday. Wedbush restated an "outperform" rating and set a $11.50 target price on shares of Playtika in a report on Thursday, September 19th. Finally, Morgan Stanley increased their price target on shares of Playtika from $7.40 to $8.25 and gave the company an "equal weight" rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $9.21.

Playtika Trading Down 0.6 %

Shares of Playtika stock traded down $0.05 during trading on Friday, reaching $8.31. The stock had a trading volume of 860,818 shares, compared to its average volume of 863,961. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of 14.58, a P/E/G ratio of 1.70 and a beta of 0.85. The stock has a fifty day moving average price of $7.71 and a two-hundred day moving average price of $7.82. Playtika has a 52 week low of $6.25 and a 52 week 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 for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The business had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. During the same period in the prior year, the business earned $0.19 earnings per share. Playtika's revenue was down 1.5% compared to the same quarter last year. On average, equities analysts forecast that Playtika will post 0.73 EPS for the current fiscal year.

Institutional Investors Weigh In On Playtika

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