Joel Agena Sells 20,490 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,490 shares of the stock in a transaction dated Wednesday, June 25th. The shares were sold at an average price of $1.37, for a total transaction of $28,071.30. Following the completion of the transaction, the general counsel now owns 177,261 shares of the company's stock, valued at $242,847.57. This represents a 10.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

• 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 transaction 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 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 value of $29,302.13.

PLAYSTUDIOS Price Performance

PLAYSTUDIOS stock traded up $0.01 during trading hours on Monday, hitting $1.31. The company had a trading volume of 485,178 shares, compared to its average volume of 223,326. PLAYSTUDIOS, Inc. has a fifty-two week low of $1.14 and a fifty-two week high of $2.29. The firm has a market capitalization of $163.85 million, a P/E ratio of -5.46 and a beta of 0.91. The firm's fifty day moving average is $1.40 and its 200-day moving average is $1.55.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, meeting analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $64.45 million. Analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MYPS. Craig Hallum upgraded PLAYSTUDIOS from a "hold" rating to a "buy" rating and lifted their target price for the stock from $2.00 to $3.00 in a report on Friday, May 23rd. Benchmark raised PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 price target on the stock in a research note on Tuesday, May 6th. Finally, Macquarie reduced their price objective on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $2.80.

Hedge Funds Weigh In On PLAYSTUDIOS

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of PLAYSTUDIOS by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock worth $1,328,000 after purchasing an additional 6,281 shares during the last quarter. ProShare Advisors LLC boosted 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 purchasing an additional 8,159 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in PLAYSTUDIOS by 34.5% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company's stock worth $74,000 after buying an additional 10,130 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in PLAYSTUDIOS by 248.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company's stock valued at $29,000 after buying an additional 11,237 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its position in shares of PLAYSTUDIOS by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 51,671 shares of the company's stock worth $96,000 after buying an additional 11,254 shares during the last quarter. Institutional investors own 37.52% of the company's stock.

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.