Playtika Holding Corp. (NASDAQ:PLTK) Stock Has Consensus Target Price of $3.75

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average rating of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.75.

Several equities analysts recently commented on the company. Wedbush boosted their target price on Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a research report on Monday, August 3rd. The Goldman Sachs Group set a $3.75 price objective on Playtika in a report on Friday, August 7th. Roth Capital cut their price target on shares of Playtika from $3.50 to $2.75 and set a “neutral” rating for the company in a research report on Monday, August 31st. Weiss Ratings reissued a “sell (d)” rating on shares of Playtika in a research note on Wednesday, August 26th. Finally, Morgan Stanley set a $4.25 price target on shares of Playtika in a report on Monday, August 10th.

Institutional Investors Weigh In On Playtika

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLTK. BlackRock Inc. bought a new stake in shares of Playtika during the second quarter valued at approximately $22,230,000. Man Group plc bought a new stake in Playtika in the 2nd quarter worth approximately $2,554,000. Tidal Investments LLC raised its stake in Playtika by 153.0% during the 2nd quarter. Tidal Investments LLC now owns 353,984 shares of the company’s stock valued at $1,317,000 after buying an additional 214,093 shares during the last quarter. Bank of New York Mellon Corp purchased a new stake in Playtika during the 2nd quarter valued at $946,000. Finally, Public Employees Retirement System of Ohio lifted its holdings in shares of Playtika by 62.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 165,394 shares of the company’s stock valued at $615,000 after buying an additional 63,717 shares during the period. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Stock Performance

Shares of NASDAQ PLTK opened at $2.15 on Friday. The stock has a market cap of $820.05 million, a PE ratio of -2.95 and a beta of 1.00. Playtika has a fifty-two week low of $2.07 and a fifty-two week high of $4.42. The stock has a fifty day moving average of $2.70 and a 200-day moving average of $3.17.

About Playtika

Playtika Holding Corp. is a digital entertainment company that develops, publishes and operates free-to-play mobile and online games. Its titles are designed for smartphones, tablets and web platforms and generate revenue primarily through in-game purchases and advertising.

The company’s portfolio includes social casino games such as Slotomania, Caesars Slots, House of Fun and Bingo Blitz, as well as casual and social games including June’s Journey and Board Kings. Playtika operates and supports its games through live services, which include regular content updates, events and features intended to maintain player engagement.

Founded in 2010, Playtika has expanded through internal development and acquisitions of game studios and intellectual property.