Playtika (NASDAQ:PLTK) PT Raised to $9.00

Playtika (NASDAQ:PLTK) had its price objective boosted by analysts at Roth Mkm from $8.00 to $9.00 in a note issued to investors on Friday, Benzinga reports. The firm currently has a “neutral” rating on the stock. Roth Mkm’s target price points to a potential upside of 5.88% from the stock’s previous close.

A number of other brokerages also recently weighed in on PLTK. Robert W. Baird boosted their price target on Playtika from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday. The Goldman Sachs Group cut their target price on Playtika from $11.00 to $8.75 and set a “neutral” rating on the stock in a research note on Tuesday, February 27th. Bank of America lowered Playtika from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $11.00 to $8.00 in a research note on Thursday, January 18th. Stifel Nicolaus reduced their price objective on shares of Playtika from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, February 23rd. Finally, Morgan Stanley reduced their target price on Playtika from $10.00 to $7.50 and set an “equal weight” rating on the stock in a report on Tuesday, February 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $10.30.

Playtika Stock Down 4.2 %

PLTK traded down $0.37 during trading on Friday, hitting $8.50. The company’s stock had a trading volume of 451,082 shares, compared to its average volume of 961,877. Playtika has a 12 month low of $6.25 and a 12 month high of $12.90. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.79. The firm’s 50 day moving average price is $7.15 and its two-hundred day moving average price is $7.73.

Playtika (NASDAQ:PLTK) last released its quarterly earnings data on Monday, February 26th. The company reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.07). Playtika had a negative return on equity of 81.85% and a net margin of 9.15%. The firm had revenue of $637.90 million for the quarter, compared to the consensus estimate of $630.26 million. During the same period in the previous year, the business earned $0.24 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Playtika will post 0.69 earnings per share for the current year.

Hedge Funds Weigh In On Playtika

Large investors have recently modified their holdings of the stock. Raymond James & Associates grew its holdings in Playtika by 18.3% during the 3rd quarter. Raymond James & Associates now owns 75,811 shares of the company’s stock valued at $730,000 after purchasing an additional 11,706 shares during the last quarter. Allspring Global Investments Holdings LLC grew its position in Playtika by 146.2% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 53,232 shares of the company’s stock valued at $513,000 after acquiring an additional 31,610 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new stake in Playtika in the third quarter worth $109,000. Beck Bode LLC bought a new stake in shares of Playtika during the third quarter worth $2,197,000. Finally, OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Playtika during the third quarter valued at $161,000. Institutional investors own 11.94% of the company’s stock.

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.