Benchmark restated their buy rating on shares of PLAYSTUDIOS (NASDAQ:MYPS - Free Report) in a report issued on Tuesday, Benzinga reports. They currently have a $5.00 price target on the stock.
Separately, Stifel Nicolaus lowered their price target on PLAYSTUDIOS from $6.00 to $4.00 and set a buy rating on the stock in a report on Friday, February 23rd. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, PLAYSTUDIOS presently has a consensus rating of Hold and a consensus price target of $4.67.
Read Our Latest Analysis on PLAYSTUDIOS
PLAYSTUDIOS Stock Up 3.9 %
NASDAQ MYPS traded up $0.09 during trading hours on Tuesday, reaching $2.42. The company's stock had a trading volume of 208,642 shares, compared to its average volume of 330,118. The firm's 50-day moving average price is $2.43 and its 200-day moving average price is $2.48. PLAYSTUDIOS has a 1 year low of $1.90 and a 1 year high of $5.01. The company has a market capitalization of $329.63 million, a price-to-earnings ratio of -15.87, a PEG ratio of 7.83 and a beta of 0.63.
PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its quarterly earnings results on Monday, March 11th. The company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of ($0.03) by ($0.12). PLAYSTUDIOS had a negative return on equity of 7.19% and a negative net margin of 6.24%. The business had revenue of $77.11 million during the quarter, compared to analysts' expectations of $75.95 million. Equities research analysts anticipate that PLAYSTUDIOS will post 0.01 EPS for the current fiscal year.
Insiders Place Their Bets
In other PLAYSTUDIOS news, major shareholder Corp Microsoft sold 1,000,000 shares of PLAYSTUDIOS stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares of the company's stock, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 14.29% of the company's stock.
Hedge Funds Weigh In On PLAYSTUDIOS
Several large investors have recently modified their holdings of MYPS. Acadian Asset Management LLC increased its position in shares of PLAYSTUDIOS by 90.5% during the 3rd quarter. Acadian Asset Management LLC now owns 697,518 shares of the company's stock valued at $2,216,000 after purchasing an additional 331,374 shares during the last quarter. SG Capital Management LLC grew its position in PLAYSTUDIOS by 71.4% in the 3rd quarter. SG Capital Management LLC now owns 585,478 shares of the company's stock valued at $1,862,000 after acquiring an additional 243,826 shares during the last quarter. GSA Capital Partners LLP grew its position in PLAYSTUDIOS by 29.0% in the 1st quarter. GSA Capital Partners LLP now owns 300,456 shares of the company's stock valued at $835,000 after acquiring an additional 67,602 shares during the last quarter. SG Americas Securities LLC bought a new position in PLAYSTUDIOS in the 3rd quarter valued at $125,000. Finally, Jump Financial LLC bought a new position in PLAYSTUDIOS in the 4th quarter valued at $91,000. Institutional investors own 37.52% of the company's stock.
About PLAYSTUDIOS
(
Get Free Report)
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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