PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Given Consensus Rating of “Hold” by Brokerages

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been assigned a consensus rating of “Hold” from the five ratings firms that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $3.63.

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Macquarie cut PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Finally, Stifel Nicolaus cut their price objective on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a report on Friday, October 18th.

PLAYSTUDIOS Stock Performance

NASDAQ:MYPS opened at $1.83 on Friday. The stock has a market cap of $228.16 million, a price-to-earnings ratio of -9.63, a PEG ratio of 2.77 and a beta of 0.81. PLAYSTUDIOS has a 1 year low of $1.20 and a 1 year high of $3.04. The business has a fifty day moving average of $1.90 and a 200-day moving average of $1.74.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its earnings results on Monday, November 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. The firm had revenue of $71.23 million during the quarter, compared to analyst estimates of $69.62 million. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. During the same quarter in the prior year, the firm posted $0.02 EPS. On average, equities research analysts predict that PLAYSTUDIOS will post -0.16 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Scott Edward Peterson sold 25,000 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $1.74, for a total transaction 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 14.29% of the stock is currently owned by company insiders.

Institutional Trading of PLAYSTUDIOS

Several institutional investors and hedge funds have recently bought and sold shares of MYPS. Williams & Novak LLC increased its position in shares of PLAYSTUDIOS by 25.2% in the third quarter. Williams & Novak LLC now owns 35,700 shares of the company’s stock worth $54,000 after acquiring an additional 7,180 shares in the last quarter. SG Americas Securities LLC boosted its stake in PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock worth $72,000 after purchasing an additional 8,179 shares during the period. Sei Investments Co. grew its position in PLAYSTUDIOS by 17.2% during the 2nd quarter. Sei Investments Co. now owns 75,478 shares of the company’s stock worth $156,000 after purchasing an additional 11,057 shares in the last quarter. State Street Corp raised its stake in PLAYSTUDIOS by 0.7% during the 3rd quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after purchasing an additional 12,472 shares during the period. Finally, Virtu Financial LLC purchased a new stake in shares of PLAYSTUDIOS in the third quarter valued at $32,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

PLAYSTUDIOS Company Profile

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.