Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) PT at $6.00

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat.com reports. Five research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $6.00.

Several analysts recently commented on the company. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a report on Sunday, January 25th. Weiss Ratings upgraded shares of Playtika from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wedbush reissued an “outperform” rating and issued a $7.00 price objective on shares of Playtika in a report on Friday, October 31st. Finally, Loop Capital set a $3.75 target price on shares of Playtika in a report on Monday, November 3rd.

Hedge Funds Weigh In On Playtika

Several large investors have recently added to or reduced their stakes in PLTK. AQR Capital Management LLC increased its stake in shares of Playtika by 65.7% in the second quarter. AQR Capital Management LLC now owns 6,331,123 shares of the company’s stock worth $29,630,000 after purchasing an additional 2,511,228 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Playtika by 20.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock worth $15,455,000 after buying an additional 679,564 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in Playtika by 19.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,708,556 shares of the company’s stock worth $17,541,000 after buying an additional 595,494 shares in the last quarter. Vanguard Group Inc. raised its holdings in Playtika by 15.7% during the third quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock valued at $12,416,000 after acquiring an additional 432,060 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Playtika by 27.4% in the second quarter. Acadian Asset Management LLC now owns 1,971,608 shares of the company’s stock valued at $9,311,000 after acquiring an additional 423,779 shares in the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Stock Down 0.6%

PLTK opened at $3.29 on Wednesday. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.71, a PEG ratio of 1.87 and a beta of 0.84. The firm has a 50 day moving average price of $3.80 and a 200-day moving average price of $3.80. Playtika has a twelve month low of $3.25 and a twelve month high of $7.55.

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.