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 on Tuesday, July 8th. The shares were sold at an average price of $1.23, for a total value of $14,131.47. Following the transaction, the general counsel directly owned 23,812 shares in the company, valued at $29,288.76. This trade represents a 32.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 shares were 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 shares were 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 value of $28,071.30.
• On Monday, June 23rd, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.40, for a total value 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 value of $28,890.90.
• On Tuesday, June 17th, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.41, for a total value 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 value of $29,302.13.

PLAYSTUDIOS Price Performance

Shares of PLAYSTUDIOS stock remained flat at $1.24 during trading hours on Friday. The company's stock had a trading volume of 299,181 shares, compared to its average volume of 238,062. PLAYSTUDIOS, Inc. has a 12 month low of $1.14 and a 12 month high of $2.29. The stock has a 50 day simple moving average of $1.41 and a 200 day simple moving average of $1.50. The company has a market capitalization of $155.10 million, a P/E ratio of -5.17 and a beta of 0.90.

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, 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 company had revenue of $62.71 million during the quarter, compared to the consensus estimate of $64.45 million. As a group, research analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Benchmark raised PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 target price on the stock in a research note on Tuesday, May 6th. Craig Hallum raised PLAYSTUDIOS from a "hold" rating to a "buy" rating and increased their target price for the company from $2.00 to $3.00 in a research note on Friday, May 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.80.

Institutional Investors Weigh In On PLAYSTUDIOS

Several large investors have recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of PLAYSTUDIOS by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company's stock worth $4,430,000 after buying an additional 368,879 shares in the last quarter. Mackenzie Financial Corp grew 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 buying an additional 312,286 shares in the last quarter. Nuveen LLC bought a new position in shares of PLAYSTUDIOS during the first quarter worth about $277,000. Strs Ohio bought a new position in shares of PLAYSTUDIOS during the first quarter worth about $209,000. Finally, Jane Street Group LLC bought a new position in shares of PLAYSTUDIOS during the first quarter worth about $203,000. 37.52% of the stock is currently owned by institutional investors.

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.