Playtika’s (PLTK) “Outperform” Rating Reaffirmed at Wedbush

Playtika (NASDAQ:PLTK)‘s stock had its “outperform” rating restated by stock analysts at Wedbush in a research report issued on Wednesday,Benzinga reports. They presently have a $11.50 price objective on the stock. Wedbush’s price objective suggests a potential upside of 65.11% from the stock’s current price.

PLTK has been the subject of several other reports. Macquarie restated a “neutral” rating and set a $7.00 price target on shares of Playtika in a research report on Friday, November 8th. Roth Mkm lifted their target price on Playtika from $8.00 to $9.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $9.00.

Playtika Trading Up 2.0 %

PLTK stock traded up $0.14 during trading on Wednesday, reaching $6.97. 184,855 shares of the stock were exchanged, compared to its average volume of 742,560. Playtika has a 1 year low of $6.25 and a 1 year high of $9.15. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of 12.01, a P/E/G ratio of 1.69 and a beta of 0.92. The business has a 50 day moving average price of $7.09 and a 200-day moving average price of $7.57.

Insider Buying and Selling

In related news, major shareholder Holding Uk Ltd Playtika II sold 124,490 shares of Playtika stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $8.44, for a total value of $1,050,695.60. Following the completion of the transaction, the insider now owns 202,673,467 shares in the company, valued at $1,710,564,061.48. The trade was a 0.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 491,921 shares of company stock valued at $4,004,775 in the last three months. 4.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Playtika

Large investors have recently modified their holdings of the company. Sterling Capital Management LLC grew its position in shares of Playtika by 57.2% in the 4th quarter. Sterling Capital Management LLC now owns 4,216 shares of the company’s stock valued at $29,000 after buying an additional 1,534 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock valued at $34,000 after acquiring an additional 2,910 shares in the last quarter. Versant Capital Management Inc increased its stake in shares of Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock worth $41,000 after acquiring an additional 3,496 shares during the period. Neo Ivy Capital Management purchased a new position in Playtika during the third quarter worth about $56,000. Finally, R Squared Ltd acquired a new stake in Playtika in the fourth quarter valued at about $57,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

Playtika Company Profile

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.