Robert W. Baird Reiterates "Neutral" Rating for Playtika (NASDAQ:PLTK)

Playtika (NASDAQ:PLTK - Get Free Report)'s stock had its "neutral" rating reissued by investment analysts at Robert W. Baird in a research report issued on Friday, Marketbeat reports. They presently have a $6.00 price target on the stock, down from their previous price target of $9.00. Robert W. Baird's price target points to a potential upside of 17.88% from the stock's previous close.

Several other research firms have also weighed in on PLTK. Wedbush restated an "outperform" rating and set a $11.50 target price on shares of Playtika in a report on Wednesday, February 26th. Roth Mkm lifted their price objective on Playtika from $8.00 to $9.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Macquarie reiterated a "neutral" rating and issued a $7.00 price objective on shares of Playtika in a research note on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $8.21.

Playtika Trading Down 3.6 %

NASDAQ PLTK traded down $0.19 during trading on Friday, hitting $5.09. 2,660,819 shares of the company traded hands, compared to its average volume of 947,581. Playtika has a 12 month low of $5.07 and a 12 month high of $9.15. The business has a fifty day simple moving average of $6.99 and a 200 day simple moving average of $7.54. The company has a market capitalization of $1.90 billion, a P/E ratio of 8.78, a PEG ratio of 1.69 and a beta of 0.92.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the transaction, the insider now owns 200,554,660 shares in the company, valued at $1,512,182,136.40. The trade was a 0.04 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 4.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PLTK. Arrowstreet Capital Limited Partnership raised its position in shares of Playtika by 61.2% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 2,923,616 shares of the company's stock valued at $20,290,000 after acquiring an additional 1,109,594 shares during the last quarter. Pacer Advisors Inc. raised its position in shares of Playtika by 8.8% during the 3rd quarter. Pacer Advisors Inc. now owns 10,249,684 shares of the company's stock valued at $81,177,000 after acquiring an additional 829,372 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Playtika by 23,814.1% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 666,487 shares of the company's stock valued at $4,592,000 after acquiring an additional 663,700 shares during the last quarter. Susquehanna Fundamental Investments LLC bought a new stake in shares of Playtika in the 4th quarter valued at $2,402,000. Finally, The Manufacturers Life Insurance Company increased its position in shares of Playtika by 13.9% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 2,685,196 shares of the company's stock valued at $21,267,000 after buying an additional 326,890 shares in the last quarter. Institutional investors own 11.94% of the company's stock.

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.