Playtika Holding Corp. (NASDAQ:PLTK) Receives Average Recommendation of “Hold” from Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $4.00.

Several research firms have commented on PLTK. Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a research report on Friday, May 29th. Roth Capital boosted their target price on shares of Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Finally, TD Cowen restated a “buy” rating on shares of Playtika in a research report on Tuesday, June 9th.

Institutional Investors Weigh In On Playtika

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLTK. Independent Financial Group LLC purchased a new position in shares of Playtika in the 1st quarter worth approximately $28,000. Kestra Advisory Services LLC purchased a new stake in Playtika during the 4th quarter valued at $32,000. Signaturefd LLC lifted its position in Playtika by 129.8% in the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock worth $36,000 after buying an additional 5,147 shares during the last quarter. Comerica Bank lifted its position in Playtika by 278.9% in the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after buying an additional 6,704 shares during the last quarter. Finally, ProShare Advisors LLC bought a new stake in Playtika in the fourth quarter worth $41,000. 11.94% of the stock is currently owned by hedge funds and other institutional investors.

Playtika Price Performance

Shares of PLTK opened at $4.11 on Friday. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of -5.34 and a beta of 1.09. Playtika has a 1 year low of $2.64 and a 1 year high of $4.93. The business’s 50 day simple moving average is $3.59 and its 200-day simple moving average is $3.42.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, May 7th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Playtika had a negative net margin of 10.54% and a negative return on equity of 67.46%. The firm had revenue of $744.70 million for the quarter, compared to the consensus estimate of $694.68 million. During the same quarter in the prior year, the company posted $0.08 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, sell-side analysts expect that Playtika will post 0.64 earnings per share for the current year.

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.