Playtika’s (PLTK) Neutral Rating Reaffirmed at Macquarie

Macquarie restated their neutral rating on shares of Playtika (NASDAQ:PLTK) in a research note issued to investors on Friday morning,Benzinga reports. Macquarie currently has a $7.00 target price on the stock.

A number of other equities research analysts have also recently commented on the stock. Roth Mkm increased their target price on shares of Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday. Morgan Stanley boosted their price target on Playtika from $7.40 to $8.25 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, Wedbush reissued an “outperform” rating and set a $11.50 target price on shares of Playtika in a research report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $9.21.

Playtika Stock Down 0.6 %

Playtika stock traded down $0.05 during midday trading on Friday, reaching $8.31. The stock had a trading volume of 860,818 shares, compared to its average volume of 863,961. Playtika has a 52-week low of $6.25 and a 52-week high of $9.23. The company has a fifty day moving average of $7.71 and a 200 day moving average of $7.81. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 14.58, a price-to-earnings-growth ratio of 1.70 and a beta of 0.85.

Playtika (NASDAQ:PLTK) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07). Playtika had a negative return on equity of 127.12% and a net margin of 8.44%. The business had revenue of $620.80 million for the quarter, compared to the consensus estimate of $622.46 million. During the same period in the prior year, the business posted $0.19 earnings per share. Playtika’s revenue was down 1.5% on a year-over-year basis. Equities research analysts predict that Playtika will post 0.73 EPS for the current year.

Playtika Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 3rd. Stockholders of record on Friday, December 20th will be paid a dividend of $0.10 per share. The ex-dividend date is Friday, December 20th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 4.81%. Playtika’s dividend payout ratio is currently 70.18%.

Hedge Funds Weigh In On Playtika

Several hedge funds and other institutional investors have recently made changes to their positions in PLTK. Banque Cantonale Vaudoise increased its position in shares of Playtika by 142.9% during the third quarter. Banque Cantonale Vaudoise now owns 29,875 shares of the company’s stock worth $237,000 after purchasing an additional 17,574 shares in the last quarter. Quest Partners LLC boosted its holdings in shares of Playtika by 705.5% during the 3rd quarter. Quest Partners LLC now owns 161,249 shares of the company’s stock worth $1,277,000 after purchasing an additional 141,231 shares during the last quarter. KBC Group NV grew its position in shares of Playtika by 19.3% in the third quarter. KBC Group NV now owns 7,820 shares of the company’s stock valued at $62,000 after purchasing an additional 1,266 shares in the last quarter. MQS Management LLC purchased a new position in Playtika during the third quarter worth approximately $135,000. Finally, Capital Performance Advisors LLP acquired a new position in Playtika during the third quarter worth $62,000. Hedge funds and other institutional investors own 11.94% of the company’s stock.

About Playtika

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.