Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) dropped 3.7% on Monday . The company traded as low as $7.87 and last traded at $7.88. Approximately 308,060 shares were traded during trading, a decline of 68% from the average daily volume of 954,451 shares. The stock had previously closed at $8.18.
Analyst Upgrades and Downgrades
PLTK has been the subject of a number of recent analyst reports. UBS Group initiated coverage on Playtika in a research note on Monday. They set a “neutral” rating and a $8.50 price objective for the company. Morgan Stanley lowered their price objective on Playtika from $10.00 to $7.50 and set an “equal weight” rating for the company in a research note on Tuesday, February 27th. Wedbush decreased their target price on Playtika from $14.75 to $11.50 and set an “outperform” rating for the company in a research report on Tuesday, February 27th. Robert W. Baird lifted their target price on Playtika from $9.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Finally, Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the stock a “neutral” rating in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $10.06.
Playtika Stock Performance
The firm has a market cap of $2.93 billion, a P/E ratio of 14.49, a P/E/G ratio of 1.49 and a beta of 0.87. The firm has a fifty day moving average of $8.14 and a 200-day moving average of $7.77.
Playtika (NASDAQ:PLTK – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.15 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $651.20 million for the quarter, compared to the consensus estimate of $642.38 million. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. Equities research analysts expect that Playtika Holding Corp. will post 0.67 earnings per share for the current year.
Playtika Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Shareholders of record on Friday, June 21st will be paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 5.06%. The ex-dividend date is Friday, June 21st. Playtika’s payout ratio is currently 72.73%.
Insider Buying and Selling at Playtika
In other Playtika news, insider Gili Brudno sold 67,250 shares of Playtika stock in a transaction on Monday, May 13th. The stock was sold at an average price of $8.72, for a total transaction of $586,420.00. Following the sale, the insider now owns 201,750 shares of the company’s stock, valued at approximately $1,759,260. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.80% of the stock is owned by company insiders.
Institutional Trading of Playtika
Several hedge funds have recently added to or reduced their stakes in PLTK. Quent Capital LLC raised its stake in shares of Playtika by 109.1% in the 4th quarter. Quent Capital LLC now owns 3,092 shares of the company’s stock worth $27,000 after buying an additional 1,613 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of Playtika by 772.0% in the 4th quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock worth $34,000 after buying an additional 3,474 shares in the last quarter. Banque Cantonale Vaudoise bought a new stake in shares of Playtika in the 1st quarter worth $82,000. Delap Wealth Advisory LLC bought a new stake in shares of Playtika in the 1st quarter worth $84,000. Finally, Commerce Bank bought a new stake in shares of Playtika in the 4th quarter worth $88,000. Institutional investors own 11.94% of the company’s stock.
About Playtika
Playtika Holding Corp., together with its subsidiaries, develops mobile games in the United States, Europe, Middle East, Africa, Asia pacific, and internationally. The company owns a portfolio of casual and social casino-themed games. It distributes its games to the end customer through various web and mobile platforms and direct-to-consumer platforms.