PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Joel Agena Sells 20,000 Shares

PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) General Counsel Joel Agena sold 20,000 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $1.27, for a total value of $25,400.00. Following the completion of the transaction, the general counsel owned 35,301 shares of the company's stock, valued at $44,832.27. This represents a 36.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, July 2nd, Joel Agena sold 20,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.35, for a total value 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 shares were 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 Trading Up 5.9%

Shares of PLAYSTUDIOS stock traded up $0.07 on Wednesday, reaching $1.26. 273,646 shares of the company were exchanged, compared to its average volume of 237,258. PLAYSTUDIOS, Inc. has a one year low of $1.14 and a one year high of $2.29. The company has a 50-day moving average of $1.41 and a 200 day moving average of $1.51. The company has a market capitalization of $157.60 million, a price-to-earnings ratio of -5.25 and a beta of 0.90.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its quarterly earnings results 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 return on equity of 5.83% and a negative net margin of 11.30%. The business had revenue of $62.71 million for the quarter, compared to analysts' expectations of $64.45 million. Analysts predict that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current year.

Institutional Investors Weigh In On PLAYSTUDIOS

A number of large investors have recently added to or reduced their stakes in MYPS. Proficio Capital Partners LLC bought a new stake in PLAYSTUDIOS in the 4th quarter valued at $26,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in PLAYSTUDIOS by 0.9% in 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 acquiring an additional 6,281 shares during the period. WINTON GROUP Ltd bought a new stake in PLAYSTUDIOS in the 4th quarter valued at $179,000. Arrowstreet Capital Limited Partnership grew its holdings in PLAYSTUDIOS by 12.7% in 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 acquired a new position in PLAYSTUDIOS in the 4th quarter valued at $33,000. Institutional investors own 37.52% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on MYPS. Craig Hallum upgraded PLAYSTUDIOS from a "hold" rating to a "buy" rating and upped their price objective for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. Benchmark upgraded PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 price objective on the stock in a research note on Tuesday, May 6th. Finally, Macquarie dropped their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average 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.