PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) issued its earnings results on Monday. The company reported ($0.02) EPS for the quarter, hitting analysts' consensus estimates of ($0.02), Zacks reports. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. The firm had revenue of $62.71 million during the quarter, compared to the consensus estimate of $64.45 million. PLAYSTUDIOS updated its FY 2025 guidance to EPS.
PLAYSTUDIOS Price Performance
PLAYSTUDIOS stock traded up $0.03 during trading hours on Friday, hitting $1.47. The stock had a trading volume of 43,128 shares, compared to its average volume of 216,048. The stock has a market capitalization of $196.19 million, a price-to-earnings ratio of -7.74, a PEG ratio of 17.60 and a beta of 0.89. PLAYSTUDIOS has a 1-year low of $1.14 and a 1-year high of $2.55. The stock's fifty day moving average is $1.31 and its two-hundred day moving average is $1.62.
Insider Activity
In other news, CFO Scott Edward Peterson sold 29,601 shares of PLAYSTUDIOS stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.26, for a total transaction of $37,297.26. Following the completion of the sale, the chief financial officer now directly owns 504,397 shares in the company, valued at $635,540.22. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 14.29% of the company's stock.
Analyst Ratings Changes
Several equities analysts have commented on MYPS shares. 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 research note on Tuesday. 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 research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $2.60.
Check Out Our Latest Research Report on PLAYSTUDIOS
About PLAYSTUDIOS
(
Get Free Report)
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.
Further Reading
Before you consider PLAYSTUDIOS, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PLAYSTUDIOS wasn't on the list.
While PLAYSTUDIOS currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
