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

Playtika Holding Corp. (NASDAQ:PLTK) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One 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 1 year price objective among brokers that have updated their coverage on the stock in the last year is $3.7857.

Several analysts have commented on PLTK shares. Roth Capital cut their target price on Playtika from $3.50 to $2.75 and set a “neutral” rating on the stock in a research note on Monday, August 31st. Morgan Stanley set a $4.25 price target on Playtika in a research note on Monday, August 10th. TD Cowen reaffirmed a “buy” rating on shares of Playtika in a report on Tuesday, June 9th. Citigroup dropped their price objective on Playtika from $4.50 to $4.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Playtika in a report on Wednesday, August 26th.

Playtika Price Performance

Shares of PLTK opened at $2.20 on Monday. Playtika has a twelve month low of $2.09 and a twelve month high of $4.42. The company has a market capitalization of $839.12 million, a P/E ratio of -3.01 and a beta of 1.00. The firm has a 50 day moving average of $3.26 and a 200 day moving average of $3.26.

Institutional Trading of Playtika

A number of institutional investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC purchased a new position in shares of Playtika during the fourth quarter valued at approximately $32,000. Comerica Bank boosted 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 during the last quarter. Independent Financial Group LLC purchased a new stake in Playtika in the first quarter worth approximately $28,000. ProShare Advisors LLC bought a new stake in Playtika in the 4th quarter worth approximately $41,000. Finally, Keynote Financial Services LLC bought a new stake in Playtika in the 4th quarter worth 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.