Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) Target Price at $4.00

Playtika Holding Corp. (NASDAQ:PLTK) has received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.00.

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

Hedge Funds Weigh In On Playtika

Institutional investors and hedge funds have recently bought and sold shares of the business. NorthCrest Asset Manangement LLC increased its position in Playtika by 27.6% during the fourth quarter. NorthCrest Asset Manangement LLC now owns 16,300 shares of the company’s stock worth $66,000 after buying an additional 3,524 shares in the last quarter. Greenwich Wealth Management LLC lifted its position in shares of Playtika by 32.9% in the fourth quarter. Greenwich Wealth Management LLC now owns 16,361 shares of the company’s stock valued at $65,000 after acquiring an additional 4,049 shares in the last quarter. Corient Private Wealth LLC boosted its stake in shares of Playtika by 24.5% during the second quarter. Corient Private Wealth LLC now owns 24,626 shares of the company’s stock valued at $116,000 after acquiring an additional 4,842 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Playtika by 129.8% during the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock valued at $36,000 after acquiring an additional 5,147 shares during the last quarter. Finally, Comerica Bank boosted its stake in shares of Playtika by 278.9% during the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock valued at $36,000 after acquiring an additional 6,704 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Down 4.1%

PLTK opened at $3.94 on Friday. The firm’s fifty day simple moving average is $3.57 and its two-hundred day simple moving average is $3.42. Playtika has a 52-week low of $2.64 and a 52-week high of $4.93. The company has a market cap of $1.50 billion, a price-to-earnings ratio of -5.12 and a beta of 1.09.

Playtika (NASDAQ:PLTK) last released 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 return on equity of 67.46% and a negative net margin of 10.54%.The company had revenue of $744.70 million for the quarter, compared to analysts’ expectations of $694.68 million. During the same period in the prior year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts forecast that Playtika will post 0.64 EPS 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.