Joel Agena Sells 20,491 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,491 shares of the company's stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $1.43, for a total transaction of $29,302.13. Following the sale, the general counsel now owns 300,201 shares of the company's stock, valued at $429,287.43. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ MYPS traded up $0.03 during trading hours on Wednesday, reaching $1.43. The stock had a trading volume of 168,534 shares, compared to its average volume of 232,327. PLAYSTUDIOS, Inc. has a twelve month low of $1.14 and a twelve month high of $2.29. The business's fifty day moving average is $1.39 and its two-hundred day moving average is $1.59.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last released its quarterly earnings data on Monday, May 5th. The company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates of ($0.02). PLAYSTUDIOS had a negative net margin of 11.30% and a negative return on equity of 5.83%. The company had revenue of $62.71 million during the quarter, compared to the consensus estimate of $64.45 million. Sell-side analysts expect that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.

Hedge Funds Weigh In On PLAYSTUDIOS

Hedge funds and other institutional investors have recently modified their holdings of the stock. 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 purchasing an additional 368,879 shares during the last quarter. Geode Capital Management LLC lifted its position in PLAYSTUDIOS by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,226,873 shares of the company's stock worth $4,143,000 after buying an additional 15,853 shares in the last quarter. Acadian Asset Management LLC grew its holdings in PLAYSTUDIOS by 5.3% during the 1st quarter. Acadian Asset Management LLC now owns 1,433,255 shares of the company's stock worth $1,816,000 after acquiring an additional 72,511 shares during the last quarter. Northern Trust Corp grew its holdings in PLAYSTUDIOS by 6.1% during the 4th quarter. Northern Trust Corp now owns 786,880 shares of the company's stock worth $1,464,000 after acquiring an additional 44,983 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in PLAYSTUDIOS by 1.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,424 shares of the company's stock valued at $919,000 after acquiring an additional 9,517 shares in the last quarter. Institutional investors own 37.52% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MYPS shares. Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and raised their price objective for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. Benchmark upgraded shares of 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. Finally, Macquarie dropped their price objective on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a report 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 stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $2.80.

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.

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