Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) announced a quarterly dividend on Wednesday, August 7th, Wall Street Journal reports. Stockholders of record on Friday, September 20th will be paid a dividend of 0.10 per share on Friday, October 4th. This represents a $0.40 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Friday, September 20th.
Playtika has a payout ratio of 53.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Playtika to earn $0.72 per share next year, which means the company should continue to be able to cover its $0.40 annual dividend with an expected future payout ratio of 55.6%.
Playtika Stock Performance
Shares of PLTK stock opened at $7.89 on Thursday. Playtika has a 52-week low of $6.25 and a 52-week high of $10.28. The company has a 50-day simple moving average of $7.45 and a two-hundred day simple moving average of $7.61. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 14.35, a PEG ratio of 0.97 and a beta of 0.85.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on PLTK. Macquarie cut Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target on the stock. in a research report on Thursday, June 13th. Roth Mkm reduced their price target on shares of Playtika from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. UBS Group initiated coverage on Playtika in a research note on Monday, June 24th. They issued a “neutral” rating and a $8.50 target price on the stock. Morgan Stanley lifted their price target on Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a research report on Tuesday, July 23rd. Finally, Wedbush restated an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, Playtika has a consensus rating of “Hold” and a consensus price target of $9.29.
Playtika Company Profile
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.
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