Brokerages Set Playtika Holding Corp. (NASDAQ:PLTK) Price Target at $4.17

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $4.1071.

A number of analysts have weighed in on PLTK shares. Roth Capital upped their target price on Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Morgan Stanley set a $4.25 price target on Playtika in a report on Monday. Wall Street Zen raised Playtika from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. Wedbush upped their price objective on Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a research note on Monday, August 3rd. Finally, TD Cowen reaffirmed a “buy” rating on shares of Playtika in a research report on Tuesday, June 9th.

Playtika Stock Performance

NASDAQ PLTK opened at $2.37 on Thursday. The firm’s 50 day moving average price is $3.62 and its 200-day moving average price is $3.41. Playtika has a 52-week low of $2.35 and a 52-week high of $4.42. The company has a market cap of $903.97 million, a PE ratio of -3.25 and a beta of 1.09.

Institutional Trading of Playtika

Institutional investors have recently modified their holdings of the company. Amundi boosted its stake in Playtika by 160.0% in the first quarter. Amundi now owns 51,366 shares of the company’s stock valued at $256,000 after acquiring an additional 31,607 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Playtika by 12.8% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 102,781 shares of the company’s stock worth $531,000 after buying an additional 11,650 shares during the last quarter. Jane Street Group LLC lifted its stake in shares of Playtika by 536.3% during the first quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after buying an additional 1,141,685 shares during the period. Creative Planning lifted its stake in shares of Playtika by 143.3% during the second quarter. Creative Planning now owns 28,089 shares of the company’s stock worth $133,000 after buying an additional 16,546 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Playtika by 126.5% during the second quarter. JPMorgan Chase & Co. now owns 399,067 shares of the company’s stock valued at $1,888,000 after buying an additional 222,913 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors.

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.