Playtika Holding Corp. (NASDAQ:PLTK) Receives $38.00 Average Price Target from Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned a consensus recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $38.00.

PLTK has been the subject of several recent research reports. Credit Suisse Group lifted their price target on Playtika from $38.00 to $39.00 and gave the company an “outperform” rating in a research report on Thursday, August 5th. Zacks Investment Research upgraded Playtika from a “sell” rating to a “hold” rating in a research report on Tuesday, August 17th.

Institutional investors have recently bought and sold shares of the stock. American International Group Inc. purchased a new position in Playtika during the first quarter worth about $35,000. Metropolitan Life Insurance Co NY lifted its stake in Playtika by 175,600.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 5,271 shares of the company’s stock worth $126,000 after purchasing an additional 5,268 shares during the last quarter. Citigroup Inc. bought a new stake in Playtika during the first quarter worth about $202,000. Jupiter Asset Management Ltd. bought a new stake in Playtika during the second quarter worth about $209,000. Finally, Xponance Inc. bought a new stake in Playtika during the second quarter worth about $214,000. Institutional investors and hedge funds own 19.30% of the company’s stock.

Shares of PLTK traded down $0.31 during mid-day trading on Wednesday, hitting $25.63. The stock had a trading volume of 2,597 shares, compared to its average volume of 1,312,802. The firm has a market cap of $10.50 billion and a P/E ratio of 107.54. The business has a fifty day moving average price of $25.22 and a 200-day moving average price of $25.58. Playtika has a 52 week low of $20.88 and a 52 week high of $36.06.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Tuesday, August 3rd. The company reported $0.22 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.01). The firm had revenue of $659.20 million during the quarter, compared to the consensus estimate of $643.31 million. Playtika’s revenue was up 1.3% compared to the same quarter last year. As a group, research analysts predict that Playtika will post 0.9 earnings per share for the current year.

About Playtika

Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.

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Analyst Recommendations for Playtika (NASDAQ:PLTK)

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