PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Joel Agena Sells 20,490 Shares

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,490 shares of the company's stock in a transaction on Monday, June 23rd. The shares were sold at an average price of $1.40, for a total value of $28,686.00. Following the completion of the transaction, the general counsel now directly owns 218,241 shares in the company, valued at $305,537.40. This trade represents a 8.58% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• 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 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 Trading Down 2.3%

Shares of MYPS traded down $0.03 during midday trading on Friday, reaching $1.30. 640,462 shares of the stock were exchanged, compared to its average volume of 233,905. PLAYSTUDIOS, Inc. has a 52 week low of $1.14 and a 52 week high of $2.29. The company's 50 day moving average is $1.40 and its two-hundred day moving average is $1.55. The company has a market capitalization of $162.60 million, a P/E ratio of -5.42 and a beta of 0.91.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.02). The business 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%. On average, sell-side analysts expect that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.

Analysts Set New Price Targets

MYPS has been the topic of several research analyst reports. Macquarie cut their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. Craig Hallum raised PLAYSTUDIOS from a "hold" rating to a "buy" rating and increased their price target for the stock from $2.00 to $3.00 in a research report on Friday, May 23rd. Finally, 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 report on Tuesday, May 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target 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 PLAYSTUDIOS in the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC boosted its holdings in PLAYSTUDIOS by 248.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company's stock worth $29,000 after acquiring an additional 11,237 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in PLAYSTUDIOS in the fourth quarter worth about $33,000. XTX Topco Ltd acquired a new stake in PLAYSTUDIOS in the fourth quarter worth about $34,000. Finally, 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 acquiring an additional 8,159 shares in the last quarter. 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.