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

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

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameriprise Financial Inc. increased its position in PLAYSTUDIOS by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company's stock valued at $4,430,000 after buying an additional 368,879 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in PLAYSTUDIOS during the 4th quarter worth approximately $153,000. Bridgeway Capital Management LLC increased its holdings in PLAYSTUDIOS by 48.3% during the 4th quarter. Bridgeway Capital Management LLC now owns 222,000 shares of the company's stock worth $413,000 after purchasing an additional 72,300 shares in the last quarter. Man Group plc increased its holdings in PLAYSTUDIOS by 28.1% during the 4th quarter. Man Group plc now owns 309,761 shares of the company's stock worth $576,000 after purchasing an additional 67,972 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in PLAYSTUDIOS by 12.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 550,153 shares of the company's stock worth $1,023,000 after purchasing an additional 62,075 shares in the last quarter. 37.52% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PLAYSTUDIOS

In related news, 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 value of $31,000.00. Following the transaction, the chief financial officer owned 601,421 shares in the company, valued at approximately $745,762.04. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Joel Agena sold 20,491 shares of the company's stock in a transaction that occurred on Monday, June 16th. The shares were sold at an average price of $1.43, for a total value of $29,302.13. Following the completion of the transaction, the general counsel owned 300,201 shares in the company, valued at approximately $429,287.43. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 199,430 shares of company stock worth $268,624. 14.67% of the stock is owned by company insiders.

PLAYSTUDIOS Stock Down 1.9%

PLAYSTUDIOS stock traded down $0.02 during trading on Friday, hitting $1.05. The stock had a trading volume of 84,430 shares, compared to its average volume of 245,411. PLAYSTUDIOS, Inc. has a 1 year low of $1.05 and a 1 year high of $2.29. The stock's 50 day moving average is $1.30 and its two-hundred day moving average is $1.41. The stock has a market cap of $131.33 million, a price-to-earnings ratio of -4.38 and a beta of 0.89.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). PLAYSTUDIOS had a negative net margin of 12.00% and a negative return on equity of 6.04%. The firm had revenue of $59.34 million during the quarter, compared to analysts' expectations of $61.63 million. As a group, equities research analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on MYPS shares. Benchmark raised PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 price objective for the company in a report on Tuesday, May 6th. Craig Hallum raised PLAYSTUDIOS from a "hold" rating to a "buy" rating and upped their target price for the company 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 given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, PLAYSTUDIOS currently has a consensus rating of "Hold" and a consensus price target of $2.50.

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.