PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives Consensus Recommendation of "Hold" from Brokerages

Key Points

• PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has received a consensus recommendation of "Hold" from six research firms, with two sell, one hold, and three buy ratings.
• Following its latest earnings report, PLAYSTUDIOS missed analysts' expectations, reporting a loss of $0.02 per share and a negative net margin of 12% for the quarter.
• Insider selling has occurred, including the CFO and General Counsel selling a total of 45,000 shares, indicating a notable decrease in their ownership stakes.

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) have earned an average rating of "Hold" from the six research firms that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned 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 $2.50.

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PLAYSTUDIOS in a research report on Saturday, September 27th.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ MYPS traded up $0.01 during mid-day trading on Friday, reaching $0.95. The company had a trading volume of 175,742 shares, compared to its average volume of 254,346. The company has a market capitalization of $119.08 million, a price-to-earnings ratio of -3.96 and a beta of 0.88. The stock has a fifty day moving average of $1.01 and a two-hundred day moving average of $1.23. PLAYSTUDIOS has a 12-month low of $0.90 and a 12-month high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last announced its quarterly earnings data on Monday, August 4th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.01). PLAYSTUDIOS had a negative net margin of 12.00% and a negative return on equity of 6.07%. The company had revenue of $59.34 million for the quarter, compared to analysts' expectations of $61.63 million. PLAYSTUDIOS has set its FY 2025 guidance at EPS. Sell-side analysts forecast that PLAYSTUDIOS will post -0.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CFO Scott Edward Peterson sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $1.24, for a total transaction of $31,000.00. Following the transaction, the chief financial officer directly owned 601,421 shares of the company's stock, valued at approximately $745,762.04. The trade was a 3.99% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $25,400.00. Following the transaction, the general counsel directly owned 35,301 shares in the company, valued at $44,832.27. The trade was a 36.17% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 81,489 shares of company stock worth $94,281 over the last ninety days. 14.67% of the stock is currently owned by insiders.

Institutional Investors Weigh In On PLAYSTUDIOS

Several large investors have recently made changes to their positions in MYPS. Bank of America Corp DE grew its stake in shares of PLAYSTUDIOS by 16.7% in the 4th quarter. Bank of America Corp DE now owns 216,685 shares of the company's stock valued at $403,000 after buying an additional 31,003 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of 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. Two Sigma Advisers LP grew its stake in shares of PLAYSTUDIOS by 19.5% in the 4th quarter. Two Sigma Advisers LP now owns 222,900 shares of the company's stock valued at $415,000 after buying an additional 36,400 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of PLAYSTUDIOS by 15.7% in the 4th quarter. Two Sigma Investments LP now owns 186,152 shares of the company's stock valued at $346,000 after buying an additional 25,224 shares in the last quarter. Finally, Mackenzie Financial Corp grew its stake in shares of PLAYSTUDIOS by 118.5% in the 1st quarter. Mackenzie Financial Corp now owns 575,737 shares of the company's stock valued at $731,000 after buying an additional 312,286 shares in the last quarter. Institutional investors own 37.52% of the company's stock.

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.

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