Q2 2024 EPS Estimates for PLAYSTUDIOS, Inc. Reduced by Northland Capmk (NASDAQ:MYPS)

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) – Analysts at Northland Capmk cut their Q2 2024 earnings per share (EPS) estimates for shares of PLAYSTUDIOS in a research note issued on Wednesday, July 10th. Northland Capmk analyst G. Gibas now expects that the company will post earnings of ($0.06) per share for the quarter, down from their prior forecast of ($0.04). The consensus estimate for PLAYSTUDIOS’s current full-year earnings is $0.02 per share. Northland Capmk also issued estimates for PLAYSTUDIOS’s Q4 2024 earnings at ($0.01) EPS and FY2024 earnings at ($0.08) EPS.

Separately, Benchmark reaffirmed a “buy” rating and set a $5.00 price target on shares of PLAYSTUDIOS in a report on Tuesday, May 7th.

PLAYSTUDIOS Price Performance

Shares of NASDAQ MYPS opened at $2.11 on Friday. The company has a market capitalization of $284.43 million, a price-to-earnings ratio of -16.23, a price-to-earnings-growth ratio of 4.10 and a beta of 0.63. The business has a 50-day moving average of $2.22 and a two-hundred day moving average of $2.34. PLAYSTUDIOS has a 1 year low of $1.88 and a 1 year high of $5.01.

Institutional Trading of PLAYSTUDIOS

Hedge funds and other institutional investors have recently made changes to their positions in the company. Victory Capital Management Inc. acquired a new stake in shares of PLAYSTUDIOS during the fourth quarter worth about $31,000. Simplicity Wealth LLC acquired a new stake in shares of PLAYSTUDIOS during the second quarter worth about $25,000. Quadrature Capital Ltd acquired a new stake in shares of PLAYSTUDIOS during the fourth quarter worth about $55,000. Public Employees Retirement System of Ohio acquired a new stake in shares of PLAYSTUDIOS during the fourth quarter worth about $67,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of PLAYSTUDIOS by 22.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock worth $70,000 after purchasing an additional 4,546 shares in the last quarter. Institutional investors and hedge funds 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.