4,601 Shares in Playtika Holding Corp. (NASDAQ:PLTK) Purchased by Versant Capital Management Inc

Versant Capital Management Inc purchased a new position in Playtika Holding Corp. (NASDAQ:PLTK) in the second quarter, HoldingsChannel reports. The fund purchased 4,601 shares of the company’s stock, valued at approximately $36,000.

Other institutional investors also recently bought and sold shares of the company. International Assets Investment Management LLC increased its stake in shares of Playtika by 772.0% during the fourth quarter. International Assets Investment Management LLC now owns 3,924 shares of the company’s stock valued at $34,000 after purchasing an additional 3,474 shares in the last quarter. Banque Cantonale Vaudoise bought a new position in shares of Playtika during the first quarter valued at approximately $82,000. Delap Wealth Advisory LLC bought a new position in shares of Playtika during the first quarter valued at approximately $84,000. Commerce Bank bought a new position in shares of Playtika during the fourth quarter valued at approximately $88,000. Finally, DGS Capital Management LLC bought a new position in shares of Playtika during the first quarter valued at approximately $90,000. 11.94% of the stock is owned by institutional investors.

Playtika Stock Performance

Shares of Playtika stock traded up $0.20 on Wednesday, hitting $7.20. 202,806 shares of the company’s stock were exchanged, compared to its average volume of 930,701. The company has a 50-day simple moving average of $7.96 and a 200-day simple moving average of $7.63. The stock has a market capitalization of $2.67 billion, a PE ratio of 12.73, a PEG ratio of 1.07 and a beta of 0.85. Playtika Holding Corp. has a 1 year low of $6.25 and a 1 year high of $10.97.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.15 earnings per share for the quarter, hitting the consensus estimate of $0.15. The business had revenue of $651.20 million for the quarter, compared to analysts’ expectations of $642.38 million. Playtika had a net margin of 7.96% and a negative return on equity of 94.21%. On average, analysts expect that Playtika Holding Corp. will post 0.66 EPS for the current fiscal year.

Playtika Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Friday, June 21st were given a dividend of $0.10 per share. The ex-dividend date was Friday, June 21st. This represents a $0.40 annualized dividend and a dividend yield of 5.56%. Playtika’s payout ratio is 72.73%.

Wall Street Analysts Forecast Growth

PLTK has been the topic of a number of recent analyst reports. Macquarie cut shares of Playtika from an “outperform” rating to a “neutral” rating and set a $9.00 price target on the stock. in a report on Thursday, June 13th. Robert W. Baird increased their price target on shares of Playtika from $9.00 to $10.00 and gave the company an “outperform” rating in a report on Friday, May 10th. Morgan Stanley increased their price target on shares of Playtika from $7.40 to $8.25 and gave the company an “equal weight” rating in a report on Tuesday, July 23rd. UBS Group initiated coverage on shares of Playtika in a report on Monday, June 24th. They set a “neutral” rating and a $8.50 price target on the stock. Finally, Roth Mkm increased their price target on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.12.

Insider Activity

In other news, insider Gili Brudno sold 67,250 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $8.72, for a total transaction of $586,420.00. Following the sale, the insider now directly owns 201,750 shares in the company, valued at approximately $1,759,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.80% of the company’s stock.

Playtika 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.