Insider Selling: PLAYSTUDIOS, Inc. (NASDAQ:MYPS) General Counsel Sells 20,000 Shares of Stock

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 Wednesday, July 2nd. The shares were sold at an average price of $1.35, for a total value of $27,000.00. Following the completion of the sale, the general counsel owned 75,301 shares of the company's stock, valued at $101,656.35. The trade was a 20.99% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

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

• On Tuesday, July 1st, Joel Agena sold 20,490 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $1.33, for a total transaction 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 transaction 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 transaction 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 transaction 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 Stock Up 2.2%

Shares of NASDAQ:MYPS traded up $0.03 during trading on Friday, hitting $1.37. The stock had a trading volume of 118,349 shares, compared to its average volume of 236,280. The company has a market capitalization of $171.23 million, a PE ratio of -5.70 and a beta of 0.90. The firm's fifty day moving average is $1.41 and its 200 day moving average is $1.53. PLAYSTUDIOS, Inc. has a 12 month low of $1.14 and a 12 month high of $2.29.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on MYPS shares. Craig Hallum upgraded PLAYSTUDIOS from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $2.00 to $3.00 in a research report 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 report on Tuesday, May 6th. Finally, Macquarie reduced their price objective on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a research report on Wednesday, March 12th. One equities 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 company. According to data from MarketBeat.com, PLAYSTUDIOS currently has an average rating of "Moderate Buy" and an average target price of $2.80.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Proficio Capital Partners LLC bought a new stake in PLAYSTUDIOS during the fourth quarter worth about $26,000. Tower Research Capital LLC TRC lifted its holdings in shares of PLAYSTUDIOS by 248.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company's stock valued at $29,000 after purchasing an additional 11,237 shares during the last quarter. O Shaughnessy Asset Management LLC bought a new stake in shares of PLAYSTUDIOS in the 4th quarter worth approximately $33,000. XTX Topco Ltd purchased a new stake in shares of PLAYSTUDIOS in the 4th quarter worth approximately $34,000. Finally, ProShare Advisors LLC increased its position in PLAYSTUDIOS by 49.1% during 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. 37.52% of the stock is currently owned by institutional investors.

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.