Mackenzie Financial Corp Grows Position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Mackenzie Financial Corp boosted its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Free Report) by 118.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 575,737 shares of the company's stock after acquiring an additional 312,286 shares during the period. Mackenzie Financial Corp owned 0.43% of PLAYSTUDIOS worth $731,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of MYPS. Tower Research Capital LLC TRC lifted its position in PLAYSTUDIOS by 248.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company's stock valued at $29,000 after acquiring an additional 11,237 shares during the period. O Shaughnessy Asset Management LLC purchased a new position in PLAYSTUDIOS in the fourth quarter worth about $33,000. XTX Topco Ltd purchased a new position in PLAYSTUDIOS in the fourth quarter worth about $34,000. ProShare Advisors LLC raised its holdings in PLAYSTUDIOS by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company's stock worth $46,000 after buying an additional 8,159 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its stake in shares of PLAYSTUDIOS by 34.5% in 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. 37.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently commented on MYPS shares. Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and lifted 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 price target for the company in a research note on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $2.50.

Insider Activity at PLAYSTUDIOS

In other PLAYSTUDIOS news, General Counsel Joel Agena sold 20,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $1.27, for a total value of $25,400.00. Following the completion of the transaction, the general counsel directly owned 35,301 shares in the company, valued at $44,832.27. This represents a 36.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Scott Edward Peterson sold 25,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $1.24, for a total transaction of $31,000.00. Following the completion of the transaction, the chief financial officer owned 601,421 shares of the company's stock, valued at approximately $745,762.04. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 199,430 shares of company stock valued at $268,624 over the last 90 days. 14.67% of the stock is currently owned by company insiders.

PLAYSTUDIOS Trading Down 1.9%

NASDAQ MYPS traded down $0.02 during trading hours on Friday, hitting $1.05. 84,430 shares of the company's stock traded hands, compared to its average volume of 245,411. The business's fifty day moving average price is $1.30 and its two-hundred day moving average price is $1.41. The firm has a market capitalization of $131.33 million, a P/E ratio of -4.38 and a beta of 0.89. PLAYSTUDIOS, Inc. has a 52 week low of $1.05 and a 52 week high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The business had revenue of $59.34 million for the quarter, compared to the consensus estimate of $61.63 million. PLAYSTUDIOS had a negative net margin of 12.00% and a negative return on equity of 6.04%. On average, sell-side analysts expect that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current fiscal year.

PLAYSTUDIOS 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.