PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Sells $29,302.13 in Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,491 shares of the firm's stock in a transaction on Monday, June 16th. The stock was sold at an average price of $1.43, for a total transaction of $29,302.13. Following the completion of the transaction, the general counsel now directly owns 300,201 shares of the company's stock, valued at approximately $429,287.43. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $1.41, for a total transaction of $28,890.90.

PLAYSTUDIOS Stock Performance

Shares of PLAYSTUDIOS stock traded down $0.03 during trading on Friday, hitting $1.40. 346,452 shares of the company's stock were exchanged, compared to its average volume of 233,012. PLAYSTUDIOS, Inc. has a 52-week low of $1.14 and a 52-week high of $2.29. The business has a 50-day simple moving average of $1.40 and a 200-day simple moving average of $1.58. The stock has a market capitalization of $175.11 million, a price-to-earnings ratio of -5.83 and a beta of 0.91.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Connor Clark & Lunn Investment Management Ltd. increased its holdings in PLAYSTUDIOS by 0.9% in the fourth 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. ProShare Advisors LLC increased its holdings in PLAYSTUDIOS by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company's stock valued at $46,000 after buying an additional 8,159 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in PLAYSTUDIOS by 34.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company's stock valued at $74,000 after buying an additional 10,130 shares in the last quarter. Tower Research Capital LLC TRC increased 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 valued at $29,000 after buying an additional 11,237 shares in the last quarter. Finally, Wells Fargo & Company MN increased its holdings in PLAYSTUDIOS by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 51,671 shares of the company's stock valued at $96,000 after buying an additional 11,254 shares in the last quarter. Hedge funds and other institutional investors own 37.52% of the company's stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MYPS. Macquarie decreased their price target 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. 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, Craig Hallum raised shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and raised their target price for the stock from $2.00 to $3.00 in a report on Friday, May 23rd. 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, PLAYSTUDIOS has a consensus 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.