Scott Edward Peterson Sells 25,000 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) CFO Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock in a transaction on Thursday, July 10th. The shares were 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 $745,762.04. This trade represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

PLAYSTUDIOS Stock Performance

Shares of PLAYSTUDIOS stock traded up $0.01 during trading hours on Thursday, hitting $1.22. The company's stock had a trading volume of 60,505 shares, compared to its average volume of 237,131. The business has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.49. PLAYSTUDIOS, Inc. has a 12-month low of $1.14 and a 12-month high of $2.29. The company has a market cap of $151.98 million, a PE ratio of -5.06 and a beta of 0.90.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates of ($0.02). The company had revenue of $62.71 million for the quarter, compared to the consensus estimate of $64.45 million. PLAYSTUDIOS had a negative return on equity of 5.83% and a negative net margin of 11.30%. As a group, research analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on MYPS shares. Benchmark upgraded 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. Craig Hallum upgraded PLAYSTUDIOS from a "hold" rating to a "buy" rating and boosted their price objective for the company from $2.00 to $3.00 in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.80.

Institutional Investors Weigh In On PLAYSTUDIOS

A number of hedge funds have recently made changes to their positions in MYPS. Proficio Capital Partners LLC purchased a new stake in shares of PLAYSTUDIOS in the fourth quarter worth about $26,000. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of PLAYSTUDIOS by 0.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock worth $1,328,000 after buying an additional 6,281 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in shares of PLAYSTUDIOS in the fourth quarter worth about $179,000. Arrowstreet Capital Limited Partnership lifted its position in shares of PLAYSTUDIOS by 12.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 550,153 shares of the company's stock worth $1,023,000 after buying an additional 62,075 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of PLAYSTUDIOS in the fourth quarter worth about $33,000. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

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.