Playtika Holding Corp. (NASDAQ:PLTK) Stock Has Average Price Target of $3.67

by · The Cerbat Gem

Playtika Holding Corp. (NASDAQ:PLTK – Get Free Report) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $3.67.

A number of equities research analysts have issued reports on PLTK shares. Weiss Ratings reissued a “sell (d)” rating on shares of Playtika in a research note on Wednesday, August 26th. Wedbush boosted their price target on shares of Playtika from $3.00 to $4.00 and gave the company a “neutral” rating in a report on Monday, August 3rd. Morgan Stanley set a $4.25 price target on shares of Playtika in a research note on Monday, August 10th. The Goldman Sachs Group set a $3.75 price objective on Playtika in a report on Friday, August 7th. Finally, Roth Capital reduced their price objective on Playtika from $3.50 to $2.75 and set a “neutral” rating for the company in a research report on Monday, August 31st.

Get Our Latest Report on Playtika

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PLTK. BlackRock Inc. acquired a new position in Playtika in the second quarter worth approximately $22,230,000. Man Group plc acquired a new stake in Playtika in the second quarter valued at approximately $2,554,000. Tidal Investments LLC lifted its stake in Playtika by 153.0% in the second quarter. Tidal Investments LLC now owns 353,984 shares of the company’s stock valued at $1,317,000 after acquiring an additional 214,093 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Playtika in the second quarter worth approximately $946,000. Finally, Public Employees Retirement System of Ohio grew its position in Playtika by 62.7% in the second quarter. Public Employees Retirement System of Ohio now owns 165,394 shares of the company’s stock worth $615,000 after acquiring an additional 63,717 shares in the last quarter. 11.94% of the stock is owned by institutional investors and hedge funds.

Playtika Stock Performance

Playtika stock opened at $2.06 on Tuesday. The firm has a market cap of $785.73 million, a PE ratio of -2.82 and a beta of 1.07. The firm’s 50 day moving average price is $2.24 and its two-hundred day moving average price is $3.09. Playtika has a twelve month low of $2.04 and a twelve month high of $4.42.

Playtika Company Profile

(Get Free Report)

Playtika Holding Corp. is a digital entertainment company that develops and operates free-to-play mobile and web games. Its business focuses on social casino, casual, and other interactive gaming experiences that generate revenue through in-game purchases and advertising.

Playtika’s portfolio has included widely recognized titles such as Slotomania, Bingo Blitz, House of Fun, Caesars Slots, and World Series of Poker. The company uses data analytics, live-operations capabilities, and ongoing content updates to engage players and support the long-term performance of its games.

Founded in 2010, Playtika initially helped pioneer free-to-play social casino gaming on social networks and later expanded into mobile platforms.

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