Playtika (NASDAQ:PLTK) Downgraded to Hold Rating by Wall Street Zen

Wall Street Zen lowered shares of Playtika (NASDAQ:PLTK) from a buy rating to a hold rating in a report released on Sunday.

PLTK has been the subject of a number of other reports. Weiss Ratings upgraded Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Wedbush reiterated an “outperform” rating and set a $7.00 target price on shares of Playtika in a research note on Friday, October 31st. Finally, Loop Capital set a $3.75 price target on shares of Playtika in a report on Monday, November 3rd. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

Playtika Trading Up 0.8%

NASDAQ:PLTK opened at $3.56 on Friday. The firm has a market capitalization of $1.34 billion, a PE ratio of 14.83, a PEG ratio of 2.05 and a beta of 0.84. Playtika has a 1 year low of $3.31 and a 1 year high of $7.58. The firm’s fifty day simple moving average is $3.94 and its 200 day simple moving average is $3.92.

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

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 9th. Stockholders of record on Friday, December 26th were paid a $0.10 dividend. The ex-dividend date was Friday, December 26th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 11.2%. Playtika’s dividend payout ratio is currently 166.67%.

Institutional Trading of Playtika

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CWA Asset Management Group LLC acquired a new stake in Playtika during the third quarter valued at approximately $1,716,000. Assenagon Asset Management S.A. acquired a new stake in Playtika in the 3rd quarter valued at $1,509,000. Wolverine Asset Management LLC grew its position in Playtika by 98.4% in the second quarter. Wolverine Asset Management LLC now owns 256,015 shares of the company’s stock valued at $1,211,000 after acquiring an additional 126,990 shares during the period. Los Angeles Capital Management LLC acquired a new position in Playtika during the second quarter worth $296,000. Finally, Geode Capital Management LLC lifted its holdings in shares of Playtika by 30.1% during the second quarter. Geode Capital Management LLC now owns 1,816,734 shares of the company’s stock valued at $8,594,000 after acquiring an additional 420,100 shares during the period. Institutional investors own 11.94% of the company’s stock.

Playtika Company Profile

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.