PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 44.0% during the third quarter, HoldingsChannel.com reports. The firm owned 48,724 shares of the company’s stock after selling 38,272 shares during the period. Jane Street Group LLC’s holdings in PLAYSTUDIOS were worth $74,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. SG Americas Securities LLC grew its holdings in shares of PLAYSTUDIOS by 82.4% during the third quarter. SG Americas Securities LLC now owns 30,649 shares of the company’s stock valued at $46,000 after buying an additional 13,846 shares during the last quarter. Williams & Novak LLC raised its holdings in PLAYSTUDIOS by 25.2% in the 3rd quarter. Williams & Novak LLC now owns 35,700 shares of the company’s stock valued at $54,000 after acquiring an additional 7,180 shares during the last quarter. AQR Capital Management LLC purchased a new stake in shares of PLAYSTUDIOS in the 2nd quarter valued at approximately $68,000. XTX Topco Ltd purchased a new stake in shares of PLAYSTUDIOS in the 2nd quarter valued at approximately $89,000. Finally, Sei Investments Co. boosted its position in shares of PLAYSTUDIOS by 17.2% during the 2nd quarter. Sei Investments Co. now owns 75,478 shares of the company’s stock worth $156,000 after purchasing an additional 11,057 shares during the period. 37.52% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MYPS shares. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. Stifel Nicolaus decreased their price objective on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Friday, October 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $3.63.

Insider Activity at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $1.74, for a total value of $43,500.00. Following the sale, the chief financial officer now directly owns 558,998 shares in the company, valued at $972,656.52. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 14.29% of the stock is currently owned by corporate insiders.

PLAYSTUDIOS Price Performance

NASDAQ:MYPS opened at $1.80 on Thursday. PLAYSTUDIOS, Inc. has a 1-year low of $1.20 and a 1-year high of $3.04. The firm has a 50 day simple moving average of $1.88 and a 200-day simple moving average of $1.75. The firm has a market cap of $224.43 million, a PE ratio of -9.47 and a beta of 0.81.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its earnings results on Monday, November 4th. The company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $71.23 million during the quarter, compared to the consensus estimate of $69.62 million. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. During the same period in the prior year, the firm earned $0.02 earnings per share. As a group, sell-side analysts expect that PLAYSTUDIOS, Inc. will post -0.16 earnings per share for the current fiscal year.

PLAYSTUDIOS Profile

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.