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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned an average rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $4.00.

A number of equities analysts recently commented on PLTK shares. TD Cowen reissued a “buy” rating on shares of Playtika in a research note on Tuesday, June 9th. Roth Capital increased their target price on Playtika from $3.00 to $3.50 and gave the company a “neutral” rating in a research report on Wednesday, May 27th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a report on Friday, May 29th.

Playtika Price Performance

NASDAQ PLTK traded up $0.09 during trading on Friday, reaching $3.83. 613,127 shares of the company’s stock traded hands, compared to its average volume of 1,515,741. Playtika has a 12-month low of $2.64 and a 12-month high of $4.93. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of -4.97 and a beta of 1.09. The company’s 50 day simple moving average is $3.56 and its two-hundred day simple moving average is $3.43.

Playtika (NASDAQ:PLTK) last announced its quarterly earnings results on Thursday, May 7th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.The business had revenue of $744.70 million during the quarter, compared to analysts’ expectations of $694.68 million. During the same period in the previous year, the company posted $0.08 EPS. Playtika’s revenue for the quarter was up 5.5% on a year-over-year basis. Research analysts expect that Playtika will post 0.64 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Playtika

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Independent Financial Group LLC purchased a new stake in shares of Playtika during the first quarter valued at about $28,000. Kestra Advisory Services LLC purchased a new position in shares of Playtika in the 4th quarter worth approximately $32,000. Signaturefd LLC raised its stake in shares of Playtika by 129.8% during the 4th quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock worth $36,000 after acquiring an additional 5,147 shares in the last quarter. Comerica Bank raised its stake in shares of Playtika by 278.9% during the 4th quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after acquiring an additional 6,704 shares in the last quarter. Finally, ProShare Advisors LLC purchased a new stake in Playtika during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

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.