Playtika (NASDAQ:PLTK) Reaches New 52-Week Low at $9.93

Shares of Playtika Holding Corp. (NASDAQ:PLTKGet Rating) hit a new 52-week low during trading on Monday . The stock traded as low as $9.93 and last traded at $9.93, with a volume of 4150 shares traded. The stock had previously closed at $10.09.

Analyst Ratings Changes

Several analysts have recently weighed in on PLTK shares. Bank of America reiterated an “underperform” rating and issued a $9.00 price objective on shares of Playtika in a research note on Tuesday, August 23rd. MKM Partners cut shares of Playtika from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $17.00 to $13.50 in a research report on Friday, August 5th. Morgan Stanley decreased their target price on Playtika from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Monday, June 13th. Citigroup cut their price target on Playtika from $17.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, July 7th. Finally, Cowen decreased their price objective on Playtika from $35.00 to $31.00 in a report on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $21.42.

Playtika Price Performance

The stock has a fifty day moving average price of $11.50 and a two-hundred day moving average price of $14.35. The company has a market cap of $4.31 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 1.77 and a beta of 0.30.

Hedge Funds Weigh In On Playtika

Several large investors have recently bought and sold shares of PLTK. IndexIQ Advisors LLC bought a new stake in shares of Playtika in the 1st quarter worth $37,000. Captrust Financial Advisors boosted its holdings in Playtika by 784.7% during the second quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock worth $45,000 after purchasing an additional 2,982 shares during the last quarter. MetLife Investment Management LLC bought a new stake in Playtika in the 1st quarter worth about $130,000. Gladius Capital Management LP purchased a new stake in Playtika in the 1st quarter valued at about $140,000. Finally, New York State Teachers Retirement System bought a new position in shares of Playtika during the 1st quarter worth approximately $157,000. 20.08% of the stock is currently owned by institutional investors.

About Playtika

(Get Rating)

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.

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