PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Sells $37,500.00 in Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson sold 25,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $1.50, for a total value of $37,500.00. Following the sale, the chief financial officer now directly owns 583,998 shares of the company’s stock, valued at approximately $875,997. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

PLAYSTUDIOS Price Performance

Shares of NASDAQ MYPS opened at $1.41 on Monday. PLAYSTUDIOS, Inc. has a 1 year low of $1.40 and a 1 year high of $3.04. The stock has a market capitalization of $190.07 million, a P/E ratio of -10.85 and a beta of 0.59. The company’s 50-day moving average is $1.53 and its 200 day moving average is $1.98.

PLAYSTUDIOS (NASDAQ:MYPS) last posted its earnings results on Monday, August 5th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 7.25% and a negative net margin of 6.34%. The firm had revenue of $72.59 million for the quarter, compared to the consensus estimate of $73.49 million. During the same quarter in the prior year, the business earned ($0.02) EPS. Research analysts anticipate that PLAYSTUDIOS, Inc. will post -0.06 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Craig Hallum cut shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and dropped their price target for the company from $4.00 to $2.00 in a research report on Tuesday, August 6th. Benchmark downgraded PLAYSTUDIOS from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Stifel Nicolaus lowered their price target on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Friday. Finally, Northland Securities reduced their target price on PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 6th.

Hedge Funds Weigh In On PLAYSTUDIOS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd purchased a new position in PLAYSTUDIOS during the 4th quarter valued at about $55,000. GSA Capital Partners LLP lifted its holdings in shares of PLAYSTUDIOS by 29.0% during the first quarter. GSA Capital Partners LLP now owns 300,456 shares of the company’s stock valued at $835,000 after purchasing an additional 67,602 shares during the last quarter. Acadian Asset Management LLC boosted its position in shares of PLAYSTUDIOS by 25.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,329,082 shares of the company’s stock worth $3,690,000 after purchasing an additional 266,313 shares in the last quarter. Clearbridge Investments LLC grew its stake in shares of PLAYSTUDIOS by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,734,979 shares of the company’s stock worth $4,823,000 after buying an additional 8,506 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in PLAYSTUDIOS by 22.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock valued at $70,000 after buying an additional 4,546 shares in the last quarter. Hedge funds and other 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.