Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) Target Price at $9.18

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus recommendation of “Hold” by the eleven research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $9.18.

Several equities analysts have recently commented on PLTK shares. Roth Mkm upped their price objective on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Macquarie reaffirmed a “neutral” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. Wedbush reiterated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, September 19th. Finally, Morgan Stanley upped their target price on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd.

Playtika Price Performance

PLTK opened at $8.45 on Friday. The stock’s 50 day simple moving average is $7.82 and its 200 day simple moving average is $7.87. The firm has a market cap of $3.15 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 2.18 and a beta of 0.85. Playtika has a 1 year low of $6.25 and a 1 year high of $9.23.

Playtika (NASDAQ:PLTK) last issued its earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.07). Playtika had a negative return on equity of 144.73% and a net margin of 8.52%. The firm had revenue of $620.80 million during the quarter, compared to the consensus estimate of $622.46 million. During the same quarter in the prior year, the business posted $0.19 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Playtika will post 0.65 EPS for the current year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Shareholders of record on Friday, December 20th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Friday, December 20th. Playtika’s dividend payout ratio is currently 68.97%.

Institutional Investors Weigh In On Playtika

A number of hedge funds and other institutional investors have recently bought and sold shares of PLTK. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Playtika in the 2nd quarter worth approximately $31,000. Versant Capital Management Inc bought a new stake in Playtika in the second quarter worth $36,000. Acadian Asset Management LLC purchased a new stake in shares of Playtika in the second quarter worth $43,000. Headlands Technologies LLC increased its holdings in shares of Playtika by 648.8% during the second quarter. Headlands Technologies LLC now owns 6,687 shares of the company’s stock valued at $53,000 after acquiring an additional 5,794 shares in the last quarter. Finally, Capital Performance Advisors LLP purchased a new position in shares of Playtika in the 3rd quarter worth about $62,000. Hedge funds and other 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.