Playtika (NASDAQ:PLTK) Given New $8.00 Price Target at Roth Mkm

Playtika (NASDAQ:PLTK) had its target price lowered by Roth Mkm from $9.00 to $8.00 in a report released on Thursday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

A number of other equities analysts also recently issued reports on PLTK. UBS Group started coverage on shares of Playtika in a report on Monday, June 24th. They issued a neutral rating and a $8.50 price objective on the stock. Robert W. Baird raised their price objective on Playtika from $9.00 to $10.00 and gave the stock an outperform rating in a research note on Friday, May 10th. Macquarie lowered shares of Playtika from an outperform rating to a neutral rating and set a $9.00 target price for the company. in a report on Thursday, June 13th. Wedbush reaffirmed an outperform rating and set a $11.50 price target on shares of Playtika in a report on Thursday. Finally, Morgan Stanley increased their price objective on shares of Playtika from $7.40 to $8.25 and gave the stock an equal weight rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and a consensus target price of $9.29.

Playtika Price Performance

Shares of NASDAQ PLTK opened at $6.95 on Thursday. The stock has a market capitalization of $2.58 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.03 and a beta of 0.85. The company’s 50-day moving average is $7.85 and its 200 day moving average is $7.62. Playtika has a 1 year low of $6.25 and a 1 year high of $10.84.

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

Playtika Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $0.10 dividend. The ex-dividend date is Friday, September 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 5.76%. Playtika’s dividend payout ratio (DPR) is presently 72.73%.

Institutional Investors Weigh In On Playtika

Several large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. increased its position in shares of Playtika by 0.8% during the 1st quarter. Russell Investments Group Ltd. now owns 184,926 shares of the company’s stock valued at $1,304,000 after purchasing an additional 1,495 shares during the last quarter. Counterpoint Mutual Funds LLC increased its position in Playtika by 12.8% during the fourth quarter. Counterpoint Mutual Funds LLC now owns 13,290 shares of the company’s stock valued at $116,000 after acquiring an additional 1,509 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Playtika by 3.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,833 shares of the company’s stock valued at $748,000 after acquiring an additional 2,872 shares during the period. Dynamic Advisor Solutions LLC boosted its stake in shares of Playtika by 16.8% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 22,695 shares of the company’s stock worth $179,000 after purchasing an additional 3,265 shares during the period. Finally, International Assets Investment Management LLC grew its holdings in Playtika by 772.0% during the 4th 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 during the last quarter. 11.94% of the stock is owned by institutional investors.

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.