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

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $4.00.

Several analysts have recently issued reports on the company. TD Cowen reissued a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Wedbush cut shares of Playtika from an “outperform” rating to a “neutral” rating and set a $3.00 price objective for the company. in a research report on Monday, March 2nd. Roth Mkm raised their price objective on shares of Playtika from $3.00 to $3.50 and gave the company a “neutral” rating in a report on Wednesday, May 27th. The Goldman Sachs Group dropped their price objective on shares of Playtika from $4.75 to $4.25 and set a “neutral” rating for the company in a report on Monday, March 2nd. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a report on Friday, May 29th.

Playtika Trading Up 2.0%

PLTK opened at $3.56 on Tuesday. Playtika has a 1-year low of $2.64 and a 1-year high of $5.05. The stock’s fifty day simple moving average is $3.45 and its 200 day simple moving average is $3.46. The stock has a market cap of $1.35 billion, a PE ratio of -4.62 and a beta of 1.08.

Playtika (NASDAQ:PLTK) last posted its quarterly earnings data 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). The firm had revenue of $744.70 million for the quarter, compared to the consensus estimate of $694.69 million. Playtika had a negative return on equity of 67.46% and a negative net margin of 10.54%.The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.08 EPS. Equities analysts forecast that Playtika will post 0.64 earnings per share for the current year.

Hedge Funds Weigh In On Playtika

Hedge funds have recently made changes to their positions in the stock. Independent Financial Group LLC bought a new position in shares of Playtika during the first quarter worth about $28,000. Kestra Advisory Services LLC bought a new stake in Playtika in the fourth quarter worth approximately $32,000. Signaturefd LLC increased its holdings in Playtika by 129.8% in the fourth quarter. Signaturefd LLC now owns 9,113 shares of the company’s stock worth $36,000 after purchasing an additional 5,147 shares in the last quarter. Comerica Bank increased its holdings in Playtika by 278.9% in the fourth quarter. Comerica Bank now owns 9,108 shares of the company’s stock worth $36,000 after purchasing an additional 6,704 shares in the last quarter. Finally, ProShare Advisors LLC bought a new stake in Playtika in the fourth quarter worth approximately $41,000. 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.