Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $6.00

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been assigned an average recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $6.00.

A number of equities analysts have recently issued reports on the company. UBS Group dropped their target price on Playtika from $5.50 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 11th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Playtika in a research note on Monday, December 22nd. Loop Capital set a $3.75 price objective on Playtika in a report on Monday, November 3rd. Wedbush restated an “outperform” rating and issued a $7.00 target price on shares of Playtika in a research note on Friday, October 31st. Finally, Wall Street Zen upgraded shares of Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, December 6th.

Institutional Investors Weigh In On Playtika

Large investors have recently bought and sold shares of the business. AQR Capital Management LLC raised its position in Playtika by 65.7% in the 2nd quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock valued at $29,630,000 after purchasing an additional 2,511,228 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of Playtika by 366.2% in the first quarter. Acadian Asset Management LLC now owns 1,547,829 shares of the company’s stock valued at $7,989,000 after buying an additional 1,215,843 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Playtika by 536.3% in the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock valued at $7,003,000 after buying an additional 1,141,685 shares during the last quarter. Denali Advisors LLC acquired a new position in Playtika during the 3rd quarter worth about $3,004,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in Playtika by 20.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after acquiring an additional 679,564 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

Playtika Trading Down 2.7%

PLTK opened at $3.96 on Tuesday. Playtika has a 1-year low of $3.31 and a 1-year high of $7.58. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 16.50, a P/E/G ratio of 3.73 and a beta of 0.84. The business has a 50 day moving average of $4.00 and a 200-day moving average of $4.07.

Playtika (NASDAQ:PLTK) last released its earnings results on Thursday, November 6th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $674.60 million for the quarter, compared to the consensus estimate of $669.60 million. Playtika had a negative return on equity of 114.44% and a net margin of 3.16%.The firm’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same period last year, the business earned $0.11 earnings per share. Equities analysts predict that Playtika will post 0.65 EPS for the current year.

Playtika Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 9th. Stockholders of record on Friday, December 26th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, December 26th. This represents a $0.40 annualized dividend and a dividend yield of 10.1%. Playtika’s dividend payout ratio (DPR) is presently 166.67%.

About Playtika

Playtika Ltd. (NASDAQ: PLTK) is a leading developer and publisher of free-to-play mobile and social games. Established in 2010 and headquartered in Herzliya, Israel, the company has built a reputation for creating engaging, social casino and casual gaming experiences. Playtika’s platform leverages data-driven analytics and in-game community features to drive player retention and monetization across multiple titles.

The company’s diverse portfolio includes flagship social casino games such as Slotomania, Bingo Blitz and Caesars Casino, as well as skill-based and casual offerings like World Series of Poker and House of Fun.