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

Playtika Holding Corp. (NASDAQ:PLTK) has received a consensus rating of “Hold” from the six research firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $4.00.

PLTK has been the subject of a number of research analyst reports. Citigroup decreased their target price on Playtika from $7.00 to $5.50 and set a “buy” rating for the company in a research report on Friday, February 20th. The Goldman Sachs Group dropped their price target on Playtika from $4.75 to $4.25 and set a “neutral” rating on the stock in a research report on Monday, March 2nd. Roth Mkm increased their price target on Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a research report on Wednesday. Wedbush downgraded Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price target on the stock. in a research report on Monday, March 2nd. Finally, Weiss Ratings cut shares of Playtika from a “hold (c-)” rating to a “sell (d)” rating in a report on Monday, March 2nd.

Playtika Price Performance

Shares of PLTK opened at $3.59 on Friday. Playtika has a 1-year low of $2.64 and a 1-year high of $5.05. The company has a 50-day moving average of $3.31 and a 200 day moving average of $3.54. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of -4.66 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings data on Thursday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Playtika had a negative net margin of 10.54% and a negative return on equity of 67.46%. The company had revenue of $744.70 million for the quarter, compared to the consensus estimate of $694.69 million. During the same quarter in the previous year, the business earned $0.08 EPS. The company’s quarterly revenue was up 5.5% compared to the same quarter last year. On average, equities analysts anticipate that Playtika will post 0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Bull Harbor Capital LLC purchased a new position in Playtika during the 1st quarter valued at about $50,000. Public Employees Retirement System of Ohio increased its position in Playtika by 248.5% during the 1st quarter. Public Employees Retirement System of Ohio now owns 101,677 shares of the company’s stock valued at $283,000 after purchasing an additional 72,500 shares during the period. Independent Financial Group LLC purchased a new position in Playtika during the 1st quarter valued at about $28,000. Hsbc Holdings PLC increased its position in Playtika by 242.4% during the 1st quarter. Hsbc Holdings PLC now owns 83,554 shares of the company’s stock valued at $231,000 after purchasing an additional 59,148 shares during the period. Finally, Impact Partnership Wealth LLC increased its position in Playtika by 28.0% during the 1st quarter. Impact Partnership Wealth LLC now owns 34,086 shares of the company’s stock valued at $95,000 after purchasing an additional 7,454 shares during the period. Hedge funds and other institutional investors own 11.94% of the company’s stock.

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.