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

Playtika Holding Corp. (NASDAQ:PLTK) has received a consensus rating of “Hold” from the seven brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $4.00.

Several equities research analysts have weighed in on PLTK shares. Roth Capital raised their price target on Playtika from $3.00 to $3.50 and gave the stock a “neutral” rating in a report on Wednesday, May 27th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Playtika in a research report on Friday, May 29th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Playtika in a research report on Tuesday, June 9th.

Playtika Trading Down 2.2%

Shares of PLTK opened at $4.02 on Friday. The firm has a market cap of $1.53 billion, a PE ratio of -5.22 and a beta of 1.09. Playtika has a 12 month low of $2.64 and a 12 month high of $4.93. The stock has a fifty day moving average price of $3.60 and a 200-day moving average price of $3.43.

Playtika (NASDAQ:PLTK) last announced its 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 for the quarter, compared to analysts’ expectations of $694.68 million. During the same quarter last year, the firm earned $0.08 earnings per share. The firm’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, research analysts forecast that Playtika will post 0.64 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Amundi grew its holdings in shares of Playtika by 160.0% during the first quarter. Amundi now owns 51,366 shares of the company’s stock valued at $256,000 after buying an additional 31,607 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Playtika by 12.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 102,781 shares of the company’s stock worth $531,000 after acquiring an additional 11,650 shares during the last quarter. Jane Street Group LLC lifted its position in Playtika by 536.3% during the 1st quarter. Jane Street Group LLC now owns 1,354,552 shares of the company’s stock worth $7,003,000 after acquiring an additional 1,141,685 shares during the period. Creative Planning lifted its position in Playtika by 143.3% during the 2nd quarter. Creative Planning now owns 28,089 shares of the company’s stock worth $133,000 after acquiring an additional 16,546 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Playtika by 126.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 399,067 shares of the company’s stock worth $1,888,000 after acquiring an additional 222,913 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.