PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Joel Agena Sells 11,489 Shares

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 11,489 shares of the company's stock in a transaction that occurred on Tuesday, July 8th. The stock was sold at an average price of $1.23, for a total transaction of $14,131.47. Following the transaction, the general counsel owned 23,812 shares in the company, valued at $29,288.76. The trade was a 32.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Joel Agena also recently made the following trade(s):

• On Monday, July 7th, Joel Agena sold 20,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.27, for a total value of $25,400.00.
• On Wednesday, July 2nd, Joel Agena sold 20,000 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.35, for a total value of $27,000.00.
• On Tuesday, July 1st, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.33, for a total value of $27,251.70.
• On Wednesday, June 25th, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.37, for a total transaction of $28,071.30.
• On Monday, June 23rd, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.40, for a total transaction of $28,686.00.
• On Friday, June 20th, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.41, for a total transaction of $28,890.90.
• On Tuesday, June 17th, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.41, for a total transaction of $28,890.90.
• On Monday, June 16th, Joel Agena sold 20,491 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.43, for a total transaction of $29,302.13.

PLAYSTUDIOS Stock Performance

Shares of MYPS stock remained flat at $1.24 on Friday. 299,181 shares of the stock traded hands, compared to its average volume of 238,015. PLAYSTUDIOS, Inc. has a one year low of $1.14 and a one year high of $2.29. The firm has a market cap of $155.10 million, a price-to-earnings ratio of -5.17 and a beta of 0.90. The company has a fifty day simple moving average of $1.41 and a two-hundred day simple moving average of $1.50.

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

Analysts Set New Price Targets

A number of equities research analysts recently commented on MYPS shares. Craig Hallum raised PLAYSTUDIOS from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. Benchmark upgraded PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 target price on the stock in a report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $2.80.

Hedge Funds Weigh In On PLAYSTUDIOS

Several institutional investors and hedge funds have recently modified their holdings of MYPS. Ameriprise Financial Inc. lifted its stake in PLAYSTUDIOS by 18.3% in the fourth 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. Mackenzie Financial Corp raised its holdings in shares of PLAYSTUDIOS by 118.5% during the first quarter. Mackenzie Financial Corp now owns 575,737 shares of the company's stock worth $731,000 after acquiring an additional 312,286 shares during the period. Nuveen LLC bought a new stake in PLAYSTUDIOS in the 1st quarter valued at $277,000. Strs Ohio acquired a new position in PLAYSTUDIOS in the 1st quarter worth $209,000. Finally, Jane Street Group LLC acquired a new position in PLAYSTUDIOS in the 1st quarter worth $203,000. 37.52% of the stock is currently owned by institutional investors and hedge funds.

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.