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 company's stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1.33, for a total transaction of $27,251.70. Following the transaction, the general counsel owned 95,301 shares in the company, valued at $126,750.33. This represents a 17.70% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

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

• 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 transaction of $27,000.00.
• On Wednesday, June 25th, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The stock was 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 stock was 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 stock was sold at an average price of $1.43, for a total transaction of $29,302.13.

PLAYSTUDIOS Trading Up 2.2%

PLAYSTUDIOS stock traded up $0.03 during midday trading on Friday, hitting $1.37. The stock had a trading volume of 118,349 shares, compared to its average volume of 236,280. The firm's fifty day moving average is $1.41 and its two-hundred day moving average is $1.53. The company has a market capitalization of $171.23 million, a PE ratio of -5.70 and a beta of 0.90. PLAYSTUDIOS, Inc. has a 52-week low of $1.14 and a 52-week high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last released its 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). The company had revenue of $62.71 million during the quarter, compared to analyst estimates of $64.45 million. PLAYSTUDIOS had a negative net margin of 11.30% and a negative return on equity of 5.83%. As a group, equities research analysts predict that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLAYSTUDIOS

A number of institutional investors have recently added to or reduced their stakes in MYPS. Proficio Capital Partners LLC purchased a new stake in PLAYSTUDIOS during the 4th quarter valued at approximately $26,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in PLAYSTUDIOS by 0.9% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock valued at $1,328,000 after buying an additional 6,281 shares in the last quarter. WINTON GROUP Ltd purchased a new stake in PLAYSTUDIOS during the 4th quarter valued at approximately $179,000. Arrowstreet Capital Limited Partnership grew its holdings in PLAYSTUDIOS by 12.7% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 550,153 shares of the company's stock valued at $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 PLAYSTUDIOS during the 4th quarter valued at approximately $33,000. 37.52% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on MYPS shares. Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and increased their price objective for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. Benchmark raised shares of PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 target price for the company in a report on Tuesday, May 6th. Finally, Macquarie reduced their target price on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating for the company in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, PLAYSTUDIOS presently has an average rating of "Moderate Buy" and a consensus target price of $2.80.

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.