Playtika (NASDAQ:PLTK) Rating Increased to Buy at Wall Street Zen

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

Several other equities research analysts also recently commented on PLTK. Wedbush reiterated an “outperform” rating and set a $7.00 target price on shares of Playtika in a research report on Friday, October 31st. Loop Capital set a $3.75 price target on shares of Playtika in a report on Monday, November 3rd. Finally, Weiss Ratings raised Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Playtika currently has a consensus rating of “Hold” and an average target price of $6.00.

Playtika Trading Down 1.4%

PLTK stock opened at $3.51 on Friday. The stock has a market capitalization of $1.32 billion, a P/E ratio of 14.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.84. The firm has a 50-day moving average price of $4.01 and a 200-day moving average price of $3.98. Playtika has a 12 month low of $3.31 and a 12 month high of $7.58.

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

Playtika Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 9th. Shareholders of record on Friday, December 26th were given a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, December 26th. This represents a $0.40 dividend on an annualized basis and a yield of 11.4%. Playtika’s dividend payout ratio is 166.67%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PLTK. Amundi grew its stake in Playtika by 160.0% during the first quarter. Amundi now owns 51,366 shares of the company’s stock worth $256,000 after purchasing an additional 31,607 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Playtika by 12.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 102,781 shares of the company’s stock worth $531,000 after buying an additional 11,650 shares during the period. Jane Street Group LLC grew its position in shares of Playtika by 536.3% during the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after buying an additional 1,141,685 shares during the period. Parallel Advisors LLC increased its stake in shares of Playtika by 534.7% in the 2nd quarter. Parallel Advisors LLC now owns 13,468 shares of the company’s stock valued at $64,000 after acquiring an additional 11,346 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Playtika by 148.3% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 74,237 shares of the company’s stock valued at $368,000 after acquiring an additional 44,333 shares during the period. 11.94% of the stock is owned by institutional investors and hedge funds.

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.