PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson Sells 25,000 Shares

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson sold 25,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $1.74, for a total value of $43,500.00. Following the completion of the sale, the chief financial officer now directly owns 558,998 shares of the company’s stock, valued at $972,656.52. This represents a 4.28 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Scott Edward Peterson also recently made the following trade(s):

• On Wednesday, October 16th, Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.50, for a total value of $37,500.00.

PLAYSTUDIOS Stock Performance

NASDAQ:MYPS opened at $1.72 on Thursday. The firm’s 50-day moving average is $1.52 and its 200-day moving average is $1.84. PLAYSTUDIOS, Inc. has a 52-week low of $1.20 and a 52-week high of $3.04.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The firm had revenue of $71.23 million for the quarter, compared to analyst estimates of $69.62 million. During the same period in the previous year, the company posted $0.02 earnings per share. Sell-side analysts forecast that PLAYSTUDIOS, Inc. will post -0.16 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of MYPS. Simplicity Wealth LLC acquired a new position in shares of PLAYSTUDIOS in the 2nd quarter valued at $25,000. Virtu Financial LLC bought a new stake in PLAYSTUDIOS in the third quarter valued at about $32,000. SG Americas Securities LLC raised its position in PLAYSTUDIOS by 82.4% in the third quarter. SG Americas Securities LLC now owns 30,649 shares of the company’s stock worth $46,000 after purchasing an additional 13,846 shares in the last quarter. Williams & Novak LLC lifted its stake in PLAYSTUDIOS by 25.2% during the third quarter. Williams & Novak LLC now owns 35,700 shares of the company’s stock worth $54,000 after purchasing an additional 7,180 shares during the period. Finally, AQR Capital Management LLC acquired a new stake in PLAYSTUDIOS during the second quarter valued at approximately $68,000. 37.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on MYPS. Benchmark lowered shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Stifel Nicolaus decreased their price target on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a report on Friday, October 18th. Craig Hallum lowered PLAYSTUDIOS from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $4.00 to $2.00 in a research note on Tuesday, August 6th. Finally, Northland Securities decreased their target price on PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating for the company in a research note on Tuesday, August 6th.

About PLAYSTUDIOS

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States and internationally. The company's game portfolio includes a diverse range of titles comprising social casino, card, puzzle, and adventure games. It also offers POP! Slots, myVEGAS Slots, my KONAMI Slots, MGM Slots Live, myVEGAS Blackjack, myVEGAS Bingo, Tetris, Solitaire, Spider Solitaire, Jumbline 2, Sudoku, and Mahjong games.