Joel Agena Sells 20,000 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,000 shares of the company's stock in a transaction that occurred on Monday, July 7th. The stock was sold at an average price of $1.27, for a total value of $25,400.00. Following the transaction, the general counsel directly owned 35,301 shares of the company's stock, valued at approximately $44,832.27. This trade represents a 36.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, July 8th, Joel Agena sold 11,489 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.23, for a total transaction of $14,131.47.
• 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 Tuesday, July 1st, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.33, for a total value of $27,251.70.
• 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 Monday, June 23rd, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.40, for a total value of $28,686.00.
• 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 stock was 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 Price Performance

Shares of MYPS stock remained flat at $1.24 during trading on Friday. The company had a trading volume of 299,181 shares, compared to its average volume of 238,015. PLAYSTUDIOS, Inc. has a 1-year low of $1.14 and a 1-year high of $2.29. The business has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $1.50. The stock has a market capitalization of $155.10 million, a PE ratio of -5.17 and a beta of 0.90.

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). The firm had revenue of $62.71 million during the quarter, compared to analysts' expectations of $64.45 million. PLAYSTUDIOS had a negative net margin of 11.30% and a negative return on equity of 5.83%. Sell-side analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on MYPS shares. Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and boosted their target price for the stock from $2.00 to $3.00 in a report on Friday, May 23rd. Benchmark raised shares of PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 price objective for the company in a research report on Tuesday, May 6th. One research 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. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $2.80.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of MYPS. Proficio Capital Partners LLC bought a new stake in shares of PLAYSTUDIOS during the fourth quarter worth approximately $26,000. Tower Research Capital LLC TRC lifted its holdings in PLAYSTUDIOS by 248.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company's stock worth $29,000 after purchasing an additional 11,237 shares during the last quarter. O Shaughnessy Asset Management LLC acquired a new stake in PLAYSTUDIOS during the 4th quarter worth approximately $33,000. XTX Topco Ltd bought a new stake in PLAYSTUDIOS in the 4th quarter valued at $34,000. Finally, ProShare Advisors LLC grew its holdings in PLAYSTUDIOS by 49.1% in the 4th 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. Institutional investors and hedge funds own 37.52% of the company's stock.

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.