Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $10.43

Playtika Holding Corp. (NASDAQ:PLTK) has earned a consensus rating of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $10.43.

PLTK has been the subject of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Playtika from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Friday, February 23rd. HSBC cut Playtika from a “buy” rating to a “hold” rating and dropped their price target for the company from $14.90 to $8.00 in a research report on Monday, January 22nd. The Goldman Sachs Group decreased their price objective on Playtika from $11.00 to $8.75 and set a “neutral” rating for the company in a report on Tuesday, February 27th. Morgan Stanley dropped their price objective on shares of Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. Finally, Wedbush reduced their target price on shares of Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a research note on Tuesday, February 27th.

Institutional Trading of Playtika

Several hedge funds have recently modified their holdings of the company. CWM LLC boosted its stake in Playtika by 1,215.1% during the third quarter. CWM LLC now owns 2,959 shares of the company’s stock worth $28,000 after buying an additional 2,734 shares during the period. Quent Capital LLC boosted its holdings in shares of Playtika by 109.1% in the 4th quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock valued at $27,000 after buying an additional 1,613 shares in the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Playtika in the 3rd quarter worth approximately $33,000. International Assets Investment Management LLC boosted its position in shares of Playtika by 772.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock worth $34,000 after purchasing an additional 3,474 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. raised its stake in Playtika by 62.2% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 8,408 shares of the company’s stock valued at $80,000 after buying an additional 3,225 shares during the last quarter. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Trading Up 1.3 %

Shares of Playtika stock opened at $7.76 on Monday. The firm has a market capitalization of $2.88 billion, a P/E ratio of 12.13, a price-to-earnings-growth ratio of 1.11 and a beta of 0.79. The business’s fifty day simple moving average is $7.07 and its 200 day simple moving average is $7.77. Playtika has a 12 month low of $6.25 and a 12 month high of $12.90.

Playtika (NASDAQ:PLTK) last released its earnings results on Monday, February 26th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07). Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The business had revenue of $637.90 million for the quarter, compared to the consensus estimate of $630.26 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Analysts predict that Playtika will post 0.69 EPS for the current fiscal year.

Playtika Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 22nd were issued a $0.10 dividend. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.40 annualized dividend and a dividend yield of 5.15%. Playtika’s dividend payout ratio (DPR) is 62.50%.

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.