2 weeks Ago By Defense World Staff
Playtika (NASDAQ:PLTK – Free Report) had its target price cut by Morgan Stanley from $7.25 to $5.75 in a research note published on Thursday morning,Benzinga reports.
They currently have an equal weight rating on the stock.Several other equities research analysts also recently commented on the stock. Baird R W downgraded shares of Playtika from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 28th.
Robert W. Baird reissued a “neutral” rating and set a $6.00 price objective (down from $9.
00) on shares of Playtika in a report on Friday, February 28th. Citigroup lowered their price objective on Playtika from $10.00 to $9.
00 and set a “buy” rating for the company in a research note on Friday, March 7th. Macquarie cut their target price on Playtika from $7.00 to $6.
00 and set a “neutral” rating on the stock in a research report on Friday, February 28th. Finally, Bank of America raised Playtika from an “underperform” rating to a “buy” rating and increased their price target for the company from $6.00 to $6.
50 in a research report on Wednesday, March 26th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.
com, the company has an average rating of “Hold” and an average price target of $7.78.Get Our Latest Research Report on PlaytikaPlaytika Trading Down 1.
2 %NASDAQ PLTK opened at $4.93 on Thursday. The company has a market cap of $1.
85 billion, a P/E ratio of 8.50, a PEG ratio of 1.69 and a beta of 0.
92. The company has a fifty day simple moving average of $5.40 and a 200 day simple moving average of $6.
86. Playtika has a 12-month low of $3.97 and a 12-month high of $9.
16. Playtika Announces DividendThe firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Stockholders of record on Friday, March 21st were given a dividend of $0.
10 per share. This represents a $0.40 annualized dividend and a dividend yield of 8.
11%. The ex-dividend date was Friday, March 21st. Playtika’s dividend payout ratio is presently 90.
91%. Hedge Funds Weigh In On PlaytikaSeveral institutional investors have recently added to or reduced their stakes in the stock. Sterling Capital Management LLC raised its position in Playtika by 57.
2% in the fourth quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock worth $29,000 after acquiring an additional 1,534 shares during the period. GAMMA Investing LLC raised its holdings in shares of Playtika by 146.
0% in the 4th quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after purchasing an additional 2,910 shares during the period. Versant Capital Management Inc raised its holdings in shares of Playtika by 148.
7% in the 4th quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after purchasing an additional 3,496 shares during the period. R Squared Ltd purchased a new position in Playtika in the fourth quarter valued at approximately $57,000.
Finally, Kera Capital Partners Inc. bought a new position in Playtika during the fourth quarter valued at $70,000. Institutional investors own 11.
94% of the company’s stock. About Playtika (Get Free Report)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.Featured StoriesFive stocks we like better than PlaytikaEarnings Per Share Calculator: How to Calculate EPSJ.
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