Playtika Holding Corp. (NASDAQ:PLTK) Given Average Recommendation of “Hold” by Analysts

Playtika Holding Corp. (NASDAQ:PLTK) has been assigned an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $4.6786.

Several equities research analysts have weighed in on PLTK shares. Weiss Ratings cut Playtika from a “hold (c-)” rating to a “sell (d)” rating in a research note on Monday, March 2nd. Wall Street Zen lowered Playtika from a “buy” rating to a “hold” rating in a research note on Sunday, January 25th. The Goldman Sachs Group lowered their price target on Playtika from $4.75 to $4.25 and set a “neutral” rating for the company in a report on Monday, March 2nd. Wedbush lowered Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price objective on the stock. in a research note on Monday, March 2nd. Finally, Citigroup decreased their target price on Playtika from $7.00 to $5.50 and set a “buy” rating on the stock in a research report on Friday, February 20th.

Institutional Investors Weigh In On Playtika

A number of hedge funds have recently made changes to their positions in PLTK. AQR Capital Management LLC increased its position in Playtika by 65.7% during the 2nd 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 boosted its position in Playtika by 20.6% in the third quarter. Arrowstreet Capital Limited Partnership now owns 3,972,998 shares of the company’s stock valued at $15,455,000 after buying an additional 679,564 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Playtika by 19.1% during the second 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 during the last quarter. Vanguard Group Inc. grew its stake in shares of Playtika by 15.7% during the third quarter. Vanguard Group Inc. now owns 3,191,732 shares of the company’s stock worth $12,416,000 after buying an additional 432,060 shares during the last quarter. Finally, Acadian Asset Management LLC increased its holdings in shares of Playtika by 27.4% during the second quarter. Acadian Asset Management LLC now owns 1,971,608 shares of the company’s stock worth $9,311,000 after buying an additional 423,779 shares in the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

Playtika Stock Up 2.5%

PLTK stock opened at $2.85 on Friday. The company’s 50-day moving average price is $3.37 and its two-hundred day moving average price is $3.68. The firm has a market cap of $1.08 billion, a P/E ratio of -5.28 and a beta of 0.85. Playtika has a 12 month low of $2.67 and a 12 month high of $5.59.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, February 26th. The company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.96). Playtika had a negative return on equity of 114.29% and a negative net margin of 7.49%.The business’s quarterly revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.04) EPS. Equities analysts predict that Playtika will post 0.65 EPS for the current year.

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.