Analysts Set Playtika Holding Corp. (NASDAQ:PLTK) Target Price at $4.38

Playtika Holding Corp. (NASDAQ:PLTK) has received an average recommendation of “Hold” from the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $4.3750.

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

Playtika Stock Performance

Shares of PLTK opened at $2.74 on Thursday. Playtika has a 52 week low of $2.64 and a 52 week high of $5.59. The stock has a market capitalization of $1.04 billion, a price-to-earnings ratio of -5.07 and a beta of 0.88. The stock has a fifty day moving average of $3.13 and a 200-day moving average of $3.59.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings data 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). The firm had revenue of $678.80 million for the quarter, compared to the consensus estimate of $660.32 million. Playtika had a negative return on equity of 114.29% and a negative net margin of 7.49%.The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.04) EPS. As a group, equities analysts forecast that Playtika will post 0.65 EPS for the current year.

Institutional Trading of Playtika

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its position in Playtika by 3.6% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 76,907 shares of the company’s stock worth $276,000 after purchasing an additional 2,670 shares during the last quarter. R Squared Ltd boosted its holdings in Playtika by 29.3% in the third quarter. R Squared Ltd now owns 13,017 shares of the company’s stock valued at $51,000 after acquiring an additional 2,946 shares during the last quarter. Merit Financial Group LLC boosted its stake in shares of Playtika by 17.2% in the 3rd quarter. Merit Financial Group LLC now owns 23,085 shares of the company’s stock valued at $90,000 after purchasing an additional 3,381 shares during the last quarter. NorthCrest Asset Manangement LLC increased its position in shares of 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 during the period. Finally, Greenwich Wealth Management LLC increased its position in shares of Playtika by 32.9% during the fourth quarter. Greenwich Wealth Management LLC now owns 16,361 shares of the company’s stock worth $65,000 after buying an additional 4,049 shares during the period. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.