Playtika (NASDAQ:PLTK) PT Lowered to $11.00

Playtika (NASDAQ:PLTKGet Rating) had its price target decreased by stock analysts at Morgan Stanley from $12.00 to $11.00 in a report issued on Wednesday, Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s target price indicates a potential upside of 15.91% from the stock’s previous close.

Several other equities research analysts have also issued reports on PLTK. BTIG Research lowered shares of Playtika from a “buy” rating to a “neutral” rating in a report on Wednesday, October 12th. Macquarie reduced their target price on shares of Playtika from $20.00 to $18.00 in a report on Wednesday, November 9th. Citigroup reduced their target price on shares of Playtika from $12.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, December 19th. Cowen reduced their target price on shares of Playtika to $29.00 in a report on Tuesday, November 15th. Finally, Credit Suisse Group cut their price objective on shares of Playtika from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Tuesday, October 25th. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $16.68.

Playtika Stock Down 1.2 %

Shares of NASDAQ:PLTK opened at $9.49 on Wednesday. The firm’s 50 day moving average price is $9.05 and its 200-day moving average price is $10.28. Playtika has a twelve month low of $7.81 and a twelve month high of $21.45. The stock has a market capitalization of $3.43 billion, a PE ratio of 13.37, a price-to-earnings-growth ratio of 1.12 and a beta of 0.44.

Playtika (NASDAQ:PLTKGet Rating) last issued its quarterly earnings data on Tuesday, November 8th. The company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.03). The business had revenue of $647.80 million during the quarter, compared to the consensus estimate of $482.68 million. Playtika had a negative return on equity of 130.35% and a net margin of 11.02%. Analysts expect that Playtika will post 0.66 earnings per share for the current fiscal year.

Insider Activity at Playtika

In related news, Director Dana Rebecca Gross sold 15,262 shares of the firm’s stock in a transaction on Friday, December 9th. The stock was sold at an average price of $8.58, for a total value of $130,947.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.60% of the stock is currently owned by insiders.

Institutional Trading of Playtika

A number of institutional investors have recently bought and sold shares of PLTK. Nisa Investment Advisors LLC bought a new stake in Playtika in the third quarter worth $27,000. Captrust Financial Advisors raised its holdings in shares of Playtika by 784.7% in the second quarter. Captrust Financial Advisors now owns 3,362 shares of the company’s stock valued at $45,000 after acquiring an additional 2,982 shares in the last quarter. Boston Partners bought a new stake in shares of Playtika in the third quarter valued at about $51,000. Point72 Hong Kong Ltd bought a new stake in shares of Playtika in the third quarter valued at about $67,000. Finally, IFP Advisors Inc bought a new stake in shares of Playtika in the third quarter valued at about $76,000.

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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Analyst Recommendations for Playtika (NASDAQ:PLTK)

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