Research analysts at Citigroup initiated coverage on shares of Playtika (NASDAQ:PLTK – Get Rating) in a note issued to investors on Sunday, The Fly reports. The firm set a “neutral” rating on the stock.
PLTK has been the topic of several other research reports. Cowen restated a “buy” rating and issued a $34.00 target price on shares of Playtika in a report on Friday, December 10th. Credit Suisse Group cut their price target on shares of Playtika from $39.00 to $30.00 and set an “outperform” rating on the stock in a report on Friday, February 25th. Zacks Investment Research cut shares of Playtika from a “hold” rating to a “sell” rating in a report on Wednesday, March 2nd. Macquarie initiated coverage on shares of Playtika in a report on Wednesday, December 15th. They issued an “outperform” rating and a $34.00 price target on the stock. Finally, DA Davidson initiated coverage on shares of Playtika in a report on Thursday, December 16th. They issued a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $30.13.
NASDAQ PLTK traded down $0.02 on Friday, reaching $18.38. 1,457,686 shares of the company’s stock traded hands, compared to its average volume of 2,566,991. Playtika has a 12 month low of $14.81 and a 12 month high of $30.00. The stock has a 50-day simple moving average of $17.72 and a 200 day simple moving average of $21.11. The stock has a market cap of $7.57 billion, a PE ratio of 24.18 and a beta of -0.08.
Playtika (NASDAQ:PLTK – Get Rating) last issued its quarterly earnings results on Thursday, February 24th. The company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.07. Playtika had a net margin of 11.94% and a negative return on equity of 61.32%. The business had revenue of $649.00 million for the quarter, compared to analysts’ expectations of $641.00 million. During the same period last year, the business earned $0.19 earnings per share. On average, equities analysts predict that Playtika will post 0.98 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of PLTK. BlackRock Inc. grew its position in Playtika by 31.7% in the 3rd quarter. BlackRock Inc. now owns 11,212,880 shares of the company’s stock valued at $309,814,000 after acquiring an additional 2,696,937 shares during the last quarter. Ion Asset Management Ltd. lifted its stake in shares of Playtika by 2,604.8% during the 4th quarter. Ion Asset Management Ltd. now owns 2,396,106 shares of the company’s stock worth $41,429,000 after purchasing an additional 2,307,519 shares during the last quarter. Senvest Management LLC raised its stake in Playtika by 60.0% in the third quarter. Senvest Management LLC now owns 4,383,998 shares of the company’s stock valued at $121,130,000 after buying an additional 1,643,266 shares during the last quarter. Capital World Investors raised its stake in Playtika by 23.8% in the fourth quarter. Capital World Investors now owns 5,724,881 shares of the company’s stock valued at $98,983,000 after buying an additional 1,100,701 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its stake in Playtika by 5,726.6% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 874,341 shares of the company’s stock valued at $15,121,000 after buying an additional 859,335 shares during the last quarter. 20.08% of the stock is currently owned by institutional investors.
About Playtika
Playtika Holding Corp. develops mobile games in the United States, Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company owns a portfolio of casual and casino-themed games. It distributes its games to the end customer through various web and mobile platforms, such as Apple, Facebook, Google, and other web and mobile platforms and its own proprietary platforms.