PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) has received a consensus recommendation of “Hold” from the five brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $3.63.
A number of research analysts have commented on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Macquarie downgraded PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus lowered their price objective on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a report on Friday, October 18th.
Get Our Latest Analysis on MYPS
Insider Activity
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the stock. Williams & Novak LLC lifted its stake in PLAYSTUDIOS by 25.2% in the third quarter. Williams & Novak LLC now owns 35,700 shares of the company’s stock valued at $54,000 after buying an additional 7,180 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock worth $72,000 after acquiring an additional 8,179 shares during the period. Sei Investments Co. lifted its position in PLAYSTUDIOS by 17.2% in the 2nd quarter. Sei Investments Co. now owns 75,478 shares of the company’s stock valued at $156,000 after purchasing an additional 11,057 shares during the last quarter. State Street Corp boosted its stake in PLAYSTUDIOS by 0.7% during the 3rd quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after purchasing an additional 12,472 shares during the period. Finally, Virtu Financial LLC bought a new position in PLAYSTUDIOS in the 3rd quarter worth about $32,000. 37.52% of the stock is currently owned by institutional investors.
PLAYSTUDIOS Stock Performance
NASDAQ:MYPS opened at $1.83 on Friday. The stock has a market cap of $228.16 million, a price-to-earnings ratio of -9.63, a price-to-earnings-growth ratio of 2.77 and a beta of 0.81. PLAYSTUDIOS has a one year low of $1.20 and a one year high of $3.04. The business’s 50-day simple moving average is $1.90 and its 200 day simple moving average is $1.74.
PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last announced its earnings results on Monday, November 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The company had revenue of $71.23 million for the quarter, compared to analyst estimates of $69.62 million. During the same period in the prior year, the company posted $0.02 EPS. On average, equities research analysts predict that PLAYSTUDIOS will post -0.16 EPS for the current year.
PLAYSTUDIOS Company 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.
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