PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Given Average Recommendation of "Moderate Buy" by Brokerages

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the six analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.80.

A number of research analysts have recently weighed in on MYPS shares. Macquarie cut their price target on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating on the stock in a report on Wednesday, March 12th. Benchmark upgraded shares of PLAYSTUDIOS from a "hold" rating to a "speculative buy" rating and set a $2.00 target price on the stock in a research note on Tuesday, May 6th. Finally, Craig Hallum upgraded shares of PLAYSTUDIOS from a "hold" rating to a "buy" rating and raised their target price for the company from $2.00 to $3.00 in a research note on Friday, May 23rd.

PLAYSTUDIOS Stock Performance

Shares of PLAYSTUDIOS stock traded up $0.01 during midday trading on Thursday, reaching $1.35. 380,097 shares of the company's stock traded hands, compared to its average volume of 221,600. The company has a market cap of $168.86 million, a price-to-earnings ratio of -7.11, a price-to-earnings-growth ratio of 17.60 and a beta of 0.89. The company's 50 day simple moving average is $1.34 and its 200 day simple moving average is $1.61. PLAYSTUDIOS has a 52 week low of $1.14 and a 52 week high of $2.46.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last released 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). The business had revenue of $62.71 million for the quarter, compared to the consensus estimate of $64.45 million. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. As a group, equities research analysts predict that PLAYSTUDIOS will post -0.17 earnings per share for the current year.

Insider Activity at PLAYSTUDIOS

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 29,601 shares of the firm's 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 sale, the chief financial officer now directly owns 504,397 shares in the company, valued at $635,540.22. This trade represents a 5.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.29% of the stock is currently owned by company insiders.

Institutional Trading of PLAYSTUDIOS

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Connor Clark & Lunn Investment Management Ltd. grew its position 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 worth $1,328,000 after purchasing an additional 6,281 shares during the last quarter. ProShare Advisors LLC grew its position in PLAYSTUDIOS by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 24,793 shares of the company's stock worth $46,000 after purchasing an additional 8,159 shares during the last quarter. SG Americas Securities LLC grew its position in PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company's stock worth $72,000 after purchasing an additional 8,179 shares during the last quarter. Williams & Novak LLC grew its position in PLAYSTUDIOS by 26.9% in the 4th quarter. Williams & Novak LLC now owns 45,300 shares of the company's stock worth $84,000 after purchasing an additional 9,600 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in PLAYSTUDIOS by 34.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company's stock worth $74,000 after purchasing an additional 10,130 shares during the last quarter. 37.52% of the stock is currently owned by institutional investors and hedge funds.

About PLAYSTUDIOS

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.