Playtika Holding Corp. (NASDAQ:PLTK) Given Consensus Recommendation of “Hold” by Brokerages

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $7.78.

Several research firms have issued reports on PLTK. Macquarie decreased their price objective on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Friday, February 28th. Wedbush reaffirmed an “outperform” rating and issued a $11.50 price target on shares of Playtika in a report on Friday, May 2nd. Baird R W cut shares of Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Bank of America raised shares of Playtika from an “underperform” rating to a “buy” rating and increased their target price for the stock from $6.00 to $6.50 in a report on Wednesday, March 26th. Finally, Citigroup dropped their target price on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, March 7th.

Insiders Place Their Bets

In related news, major shareholder Holding Uk Ltd Playtika II sold 389,053 shares of Playtika stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $4.70, for a total value of $1,828,549.10. Following the completion of the transaction, the insider now directly owns 199,510,511 shares of the company’s stock, valued at $937,699,401.70. The trade was a 0.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 739,922 shares of company stock worth $3,548,194 over the last 90 days. Corporate insiders own 5.10% of the company’s stock.

Institutional Trading of Playtika

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLTK. Covestor Ltd grew its position in shares of Playtika by 11.4% during the 4th quarter. Covestor Ltd now owns 14,103 shares of the company’s stock worth $98,000 after buying an additional 1,447 shares during the period. Sterling Capital Management LLC grew its position in shares of Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after purchasing an additional 1,534 shares during the period. Choreo LLC boosted its position in Playtika by 14.9% during the 4th quarter. Choreo LLC now owns 12,485 shares of the company’s stock worth $90,000 after acquiring an additional 1,619 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in Playtika by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 536,945 shares of the company’s stock worth $3,726,000 after acquiring an additional 1,639 shares during the last quarter. Finally, SummerHaven Investment Management LLC boosted its position in Playtika by 2.0% during the 1st quarter. SummerHaven Investment Management LLC now owns 103,334 shares of the company’s stock worth $534,000 after acquiring an additional 2,006 shares during the last quarter. 11.94% of the stock is owned by institutional investors.

Playtika Stock Up 1.9%

Shares of NASDAQ PLTK opened at $4.90 on Friday. The stock has a market capitalization of $1.84 billion, a price-to-earnings ratio of 8.45, a price-to-earnings-growth ratio of 1.69 and a beta of 0.85. The firm has a 50-day moving average price of $4.94 and a 200 day moving average price of $6.09. Playtika has a 52 week low of $3.97 and a 52 week high of $8.99.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.02). Playtika had a net margin of 8.52% and a negative return on equity of 144.73%. The firm had revenue of $706.00 million during the quarter, compared to analyst estimates of $699.67 million. During the same period in the prior year, the firm earned $0.14 EPS. The business’s quarterly revenue was up 8.4% on a year-over-year basis. Equities research analysts expect that Playtika will post 0.65 EPS for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 7th. Stockholders of record on Monday, June 23rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Monday, June 23rd. This represents a $0.40 annualized dividend and a dividend yield of 8.16%. Playtika’s payout ratio is 105.26%.

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.