Playtika (NASDAQ:PLTK) Hits New 12-Month Low – Time to Sell?

Shares of Playtika Holding Corp. (NASDAQ:PLTK) reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as $4.67 and last traded at $4.74, with a volume of 919498 shares trading hands. The stock had previously closed at $5.02.

Analyst Ratings Changes

A number of research firms have recently weighed in on PLTK. Baird R W lowered Playtika from a “strong-buy” rating to a “hold” rating in a report on Friday, February 28th. Citigroup cut their price objective on shares of Playtika from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday. Robert W. Baird reiterated a “neutral” rating and issued a $6.00 target price (down previously from $9.00) on shares of Playtika in a report on Friday, February 28th. Macquarie cut their price target on shares of Playtika from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Friday, February 28th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $11.50 price objective on shares of Playtika in a research report on Wednesday, February 26th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $8.32.

Playtika Trading Down 4.8 %

The stock has a market cap of $1.79 billion, a PE ratio of 8.24, a PEG ratio of 1.69 and a beta of 0.98. The business has a 50-day moving average price of $6.81 and a 200 day moving average price of $7.46.

Playtika Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Stockholders of record on Friday, March 21st will be given a $0.10 dividend. This represents a $0.40 annualized dividend and a dividend yield of 8.37%. The ex-dividend date of this dividend is Friday, March 21st. Playtika’s dividend payout ratio (DPR) is currently 90.91%.

Insider Buying and Selling

In other Playtika news, major shareholder Holding Uk Ltd Playtika II sold 75,923 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $7.54, for a total value of $572,459.42. Following the completion of the transaction, the insider now owns 200,554,660 shares in the company, valued at $1,512,182,136.40. This trade represents a 0.04 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 4.80% of the stock is owned by insiders.

Institutional Investors Weigh In On Playtika

A number of institutional investors and hedge funds have recently modified their holdings of PLTK. Sterling Capital Management LLC increased its holdings in Playtika by 57.2% during the 4th 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 position in shares of Playtika by 146.0% in the fourth quarter. GAMMA Investing LLC now owns 4,903 shares of the company’s stock worth $34,000 after buying an additional 2,910 shares in the last quarter. Versant Capital Management Inc boosted its stake in Playtika by 148.7% during the fourth quarter. Versant Capital Management Inc now owns 5,847 shares of the company’s stock valued at $41,000 after buying 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 bought a new position in Playtika in the 4th quarter worth about $57,000. 11.94% of the stock is owned by hedge funds and other institutional investors.

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.