PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Free Report) by 18.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,381,542 shares of the company's stock after buying an additional 368,879 shares during the quarter. Ameriprise Financial Inc. owned 1.91% of PLAYSTUDIOS worth $4,430,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MYPS. SG Americas Securities LLC grew its stake in shares of PLAYSTUDIOS by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 38,828 shares of the company's stock valued at $72,000 after acquiring an additional 8,179 shares in the last quarter. Williams & Novak LLC raised its holdings in PLAYSTUDIOS by 26.9% in the fourth quarter. Williams & Novak LLC now owns 45,300 shares of the company's stock valued at $84,000 after acquiring an additional 9,600 shares in the last quarter. Proficio Capital Partners LLC bought a new position in PLAYSTUDIOS during the 4th quarter valued at $26,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in PLAYSTUDIOS by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock worth $1,328,000 after acquiring an additional 6,281 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in PLAYSTUDIOS during the 4th quarter worth $179,000. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

MYPS has been the topic of a number of recent analyst reports. Benchmark upgraded shares of PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 target price on the stock in a research note on Tuesday, May 6th. Macquarie cut their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. Finally, Craig Hallum raised PLAYSTUDIOS from a "hold" rating to a "buy" rating and increased their target price for the stock from $2.00 to $3.00 in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, PLAYSTUDIOS presently has an average rating of "Moderate Buy" and a consensus target price of $2.80.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ MYPS traded up $0.02 during midday trading on Friday, hitting $1.37. The company's stock had a trading volume of 7,083 shares, compared to its average volume of 186,842. PLAYSTUDIOS, Inc. has a 1-year low of $1.14 and a 1-year high of $2.46. The firm's fifty day moving average price is $1.35 and its 200-day moving average price is $1.62. The firm has a market cap of $170.74 million, a P/E ratio of -7.18, a P/E/G ratio of 17.60 and a beta of 0.89.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). The company had revenue of $62.71 million during the quarter, compared to analyst estimates of $64.45 million. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. As a group, research analysts predict that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 29,601 shares of the firm's stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.26, for a total value of $37,297.26. Following the sale, the chief financial officer now directly owns 504,397 shares in the company, valued at $635,540.22. This trade represents a 5.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.29% of the stock is currently owned by company insiders.

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.