Mackenzie Financial Corp purchased a new stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 263,451 shares of the company's stock, valued at approximately $490,000. Mackenzie Financial Corp owned about 0.21% of PLAYSTUDIOS at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. increased its stake in PLAYSTUDIOS by 0.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock valued at $1,328,000 after purchasing an additional 6,281 shares during the period. ProShare Advisors LLC increased its stake in shares of PLAYSTUDIOS by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company's stock worth $46,000 after acquiring an additional 8,159 shares during the period. SG Americas Securities LLC increased 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 worth $72,000 after acquiring an additional 8,179 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of PLAYSTUDIOS by 34.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company's stock worth $74,000 after acquiring an additional 10,130 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of PLAYSTUDIOS by 248.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company's stock worth $29,000 after acquiring an additional 11,237 shares during the period. 37.52% of the stock is owned by hedge funds and other institutional investors.
PLAYSTUDIOS Price Performance
MYPS remained flat at $1.47 on Friday. 142,337 shares of the company's stock traded hands, compared to its average volume of 229,347. PLAYSTUDIOS, Inc. has a one year low of $1.14 and a one year high of $2.46. The firm has a market capitalization of $183.87 million, a price-to-earnings ratio of -7.74, a P/E/G ratio of 17.60 and a beta of 0.91. The business has a fifty day moving average price of $1.36 and a two-hundred day moving average price of $1.61.
PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.02). PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. The company had revenue of $62.71 million for the quarter, compared to the consensus estimate of $64.45 million. On average, sell-side analysts predict that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
MYPS has been the topic of a number of recent analyst reports. Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and boosted their price target for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. 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 report on Tuesday, May 6th. Finally, Macquarie lowered their target price on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $2.80.
Get Our Latest Report on PLAYSTUDIOS
Insider Buying and Selling at PLAYSTUDIOS
In related news, CFO Scott Edward Peterson sold 29,601 shares of the company's stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.26, for a total transaction of $37,297.26. Following the transaction, the chief financial officer now owns 504,397 shares of the company's stock, valued at approximately $635,540.22. This represents a 5.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 14.29% of the company's stock.
PLAYSTUDIOS Company Profile
(
Free Report)
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.
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