Playtika (NASDAQ:PLTK) Price Target Lowered to $8.00 at Roth Mkm

Playtika (NASDAQ:PLTK) had its price objective decreased by Roth Mkm from $9.00 to $8.00 in a report issued on Thursday, Benzinga reports. Roth Mkm currently has a neutral rating on the stock.

Several other analysts have also commented on the company. Macquarie lowered Playtika from an outperform rating to a neutral rating and set a $9.00 price target on the stock. in a research note on Thursday, June 13th. Morgan Stanley increased their price objective on Playtika from $7.40 to $8.25 and gave the company an equal weight rating in a research report on Tuesday, July 23rd. UBS Group began coverage on shares of Playtika in a research note on Monday, June 24th. They set a neutral rating and a $8.50 price target for the company. Robert W. Baird raised their target price on Playtika from $9.00 to $10.00 and gave the stock an outperform rating in a report on Friday, May 10th. Finally, Wedbush reissued an outperform rating and issued a $11.50 price target on shares of Playtika in a report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Playtika currently has an average rating of Hold and an average target price of $10.04.

Playtika Trading Down 1.1 %

NASDAQ PLTK traded down $0.08 during trading on Thursday, reaching $6.95. The company’s stock had a trading volume of 882,106 shares, compared to its average volume of 937,737. The stock has a market capitalization of $2.58 billion, a PE ratio of 12.64, a PEG ratio of 1.07 and a beta of 0.85. Playtika has a 1-year low of $6.25 and a 1-year high of $10.84. The business has a 50-day moving average price of $7.85 and a 200-day moving average price of $7.62.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $627.00 million for the quarter, compared to the consensus estimate of $640.27 million. Playtika had a negative return on equity of 94.21% and a net margin of 7.96%. The firm’s revenue was down 2.5% compared to the same quarter last year. During the same period last year, the business posted $0.21 earnings per share. As a group, analysts expect that Playtika will post 0.66 earnings per share for the current year.

Playtika Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $0.40 annualized dividend and a yield of 5.76%. Playtika’s payout ratio is 72.73%.

Insider Transactions at Playtika

In other news, insider Gili Brudno sold 67,250 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $8.72, for a total value of $586,420.00. Following the completion of the sale, the insider now owns 201,750 shares in the company, valued at $1,759,260. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 4.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Playtika

Large investors have recently modified their holdings of the stock. LSV Asset Management boosted its holdings in shares of Playtika by 62.9% in the fourth quarter. LSV Asset Management now owns 7,500,132 shares of the company’s stock worth $65,401,000 after acquiring an additional 2,896,619 shares during the period. Capital Research Global Investors purchased a new position in Playtika during the 1st quarter valued at about $9,327,000. Tidal Investments LLC bought a new stake in shares of Playtika during the first quarter valued at about $1,895,000. Alaska Permanent Fund Corp lifted its holdings in shares of Playtika by 362.8% in the first quarter. Alaska Permanent Fund Corp now owns 225,673 shares of the company’s stock worth $1,591,000 after buying an additional 176,913 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new position in shares of Playtika in the fourth quarter valued at approximately $1,372,000. Hedge funds and other 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.