Playtika (NASDAQ:PLTK) Earns Neutral Rating from Macquarie

Macquarie reiterated their neutral rating on shares of Playtika (NASDAQ:PLTK) in a research note issued to investors on Friday,Benzinga reports. Macquarie currently has a $7.00 target price on the stock.

Several other equities research analysts also recently weighed in on the stock. Wedbush reiterated an “outperform” rating and set a $11.50 target price on shares of Playtika in a research note on Thursday, September 19th. Roth Mkm boosted their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday. Finally, Morgan Stanley lifted their price objective on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $9.21.

Playtika Price Performance

Shares of PLTK stock traded down $0.05 during trading hours on Friday, reaching $8.31. 860,818 shares of the stock were exchanged, compared to its average volume of 863,961. Playtika has a 12-month low of $6.25 and a 12-month high of $9.23. The firm has a market capitalization of $3.09 billion, a P/E ratio of 14.58, a P/E/G ratio of 1.70 and a beta of 0.85. The business’s fifty day moving average is $7.71 and its two-hundred day moving average is $7.81.

Playtika (NASDAQ:PLTK) last posted its earnings results on Thursday, November 7th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The firm had revenue of $620.80 million for the quarter, compared to analyst estimates of $622.46 million. During the same quarter last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts predict that Playtika will post 0.73 earnings per share for the current fiscal year.

Playtika Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 3rd. Investors of record on Friday, December 20th will be paid a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Friday, December 20th. Playtika’s dividend payout ratio (DPR) is 70.18%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLTK. AQR Capital Management LLC lifted its position in shares of Playtika by 66.6% during the 2nd quarter. AQR Capital Management LLC now owns 7,836,383 shares of the company’s stock valued at $61,672,000 after acquiring an additional 3,132,272 shares during the period. Pacer Advisors Inc. raised its holdings in Playtika by 19.7% during the second quarter. Pacer Advisors Inc. now owns 9,420,312 shares of the company’s stock worth $74,138,000 after purchasing an additional 1,552,606 shares during the last quarter. Capital Research Global Investors purchased a new stake in Playtika during the first quarter worth $9,327,000. Tidal Investments LLC purchased a new position in shares of Playtika in the first quarter valued at $1,895,000. Finally, LSV Asset Management raised its stake in shares of Playtika by 3.4% during the 1st quarter. LSV Asset Management now owns 7,756,485 shares of the company’s stock worth $54,683,000 after buying an additional 256,353 shares during the last quarter. 11.94% of the stock is currently owned by institutional investors and hedge funds.

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.