Playtika Holding Corp. (NASDAQ:PLTK) Stock Has Average Price Target of $3.67

Shares of Playtika Holding Corp. (NASDAQ:PLTK) have earned an average rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $3.67.

A number of brokerages recently weighed in on PLTK. The Goldman Sachs Group set a $3.75 target price on shares of Playtika in a research note on Friday, August 7th. Wedbush increased their price target on shares of Playtika from $3.00 to $4.00 and gave the stock a “neutral” rating in a report on Monday, August 3rd. Wall Street Zen cut shares of Playtika from a “buy” rating to a “hold” rating in a research report on Saturday, August 22nd. Citigroup dropped their price objective on shares of Playtika from $4.00 to $3.50 and set a “buy” rating for the company in a report on Wednesday, October 14th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Playtika in a report on Wednesday, August 26th.

Playtika Trading Down 1.4%

Shares of PLTK opened at $2.04 on Tuesday. The company has a market cap of $778.10 million, a PE ratio of -2.79 and a beta of 1.07. The stock has a 50-day moving average price of $2.23 and a 200-day moving average price of $3.12. Playtika has a 12-month low of $1.98 and a 12-month high of $4.42.

Institutional Investors Weigh In On Playtika

A number of large investors have recently added to or reduced their stakes in PLTK. BlackRock Inc. purchased a new position in shares of Playtika in the 2nd quarter worth about $22,230,000. Man Group plc purchased a new position in shares of Playtika during the 2nd quarter valued at about $2,554,000. Tidal Investments LLC raised its holdings in shares of Playtika by 153.0% during the 2nd quarter. Tidal Investments LLC now owns 353,984 shares of the company’s stock valued at $1,317,000 after buying an additional 214,093 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Playtika in the 2nd quarter worth approximately $946,000. Finally, Public Employees Retirement System of Ohio lifted its position in Playtika by 62.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 165,394 shares of the company’s stock worth $615,000 after buying an additional 63,717 shares during the last quarter. Hedge funds and other institutional investors own 11.94% of the company’s stock.

Playtika Company Profile

Playtika Holding Corp. is a digital entertainment company that develops and operates free-to-play mobile and web games. Its business focuses on social casino, casual, and other interactive gaming experiences that generate revenue through in-game purchases and advertising.

Playtika’s portfolio has included widely recognized titles such as Slotomania, Bingo Blitz, House of Fun, Caesars Slots, and World Series of Poker. The company uses data analytics, live-operations capabilities, and ongoing content updates to engage players and support the long-term performance of its games.

Founded in 2010, Playtika initially helped pioneer free-to-play social casino gaming on social networks and later expanded into mobile platforms.