PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives Average Rating of "Moderate Buy" from Analysts

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat reports. One 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. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $2.80.

Several analysts have commented on the stock. 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 research report on Tuesday, May 6th. Craig Hallum raised 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 research report on Friday, May 23rd. Finally, Macquarie decreased their target price on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating for the company in a research report on Wednesday, March 12th.

Insider Transactions at PLAYSTUDIOS

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 29,601 shares of the stock in a transaction on Tuesday, April 1st. The shares were sold at an average price of $1.26, for a total value of $37,297.26. Following the completion of the sale, the chief financial officer now directly owns 504,397 shares of the company's stock, valued at $635,540.22. This represents a 5.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Joel Agena sold 20,490 shares of the stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $1.41, for a total transaction of $28,890.90. Following the completion of the sale, the general counsel now directly owns 279,711 shares of the company's stock, valued at approximately $394,392.51. This trade represents a 6.83% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 111,562 shares of company stock worth $153,067. 14.67% of the stock is owned by insiders.

Institutional Trading of PLAYSTUDIOS

Hedge funds have recently bought and sold shares of the stock. Proficio Capital Partners LLC bought a new stake in PLAYSTUDIOS in the 4th quarter valued at $26,000. Tower Research Capital LLC TRC boosted its holdings in PLAYSTUDIOS by 248.4% in the 4th 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 period. O Shaughnessy Asset Management LLC bought a new stake in PLAYSTUDIOS in the 4th quarter valued at $33,000. XTX Topco Ltd bought a new stake in PLAYSTUDIOS in the 4th quarter valued at $34,000. Finally, ProShare Advisors LLC boosted 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 purchasing an additional 8,159 shares during the period. 37.52% of the stock is owned by institutional investors.

PLAYSTUDIOS Stock Down 3.6%

MYPS stock traded down $0.05 during trading hours on Monday, hitting $1.33. The company's stock had a trading volume of 448,999 shares, compared to its average volume of 235,397. The company has a market capitalization of $166.36 million, a PE ratio of -5.54 and a beta of 0.91. PLAYSTUDIOS has a 12 month low of $1.14 and a 12 month high of $2.29. The stock has a 50 day moving average price of $1.40 and a two-hundred day moving average price of $1.56.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last posted its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). The company had revenue of $62.71 million during the quarter, compared to the consensus estimate 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 expect that PLAYSTUDIOS will post -0.17 earnings per share for the current year.

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.