PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Given Consensus Rating of “Hold” by Brokerages

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been assigned a consensus rating of “Hold” from the six ratings firms that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $3.63.

A number of equities analysts have recently weighed in on the company. Macquarie cut PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reissued an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th.

Institutional Trading of PLAYSTUDIOS

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in PLAYSTUDIOS in the fourth quarter valued at about $26,000. Tower Research Capital LLC TRC increased its stake in shares of PLAYSTUDIOS by 248.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company’s stock valued at $29,000 after acquiring an additional 11,237 shares during the last quarter. Virtu Financial LLC bought a new stake in shares of PLAYSTUDIOS in the 3rd quarter valued at about $32,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of PLAYSTUDIOS in the 4th quarter valued at approximately $33,000. Finally, XTX Topco Ltd acquired a new position in PLAYSTUDIOS during the fourth quarter valued at approximately $34,000. 37.52% of the stock is owned by institutional investors.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ:MYPS opened at $1.78 on Tuesday. The stock has a market capitalization of $221.94 million, a price-to-earnings ratio of -9.37, a PEG ratio of 17.70 and a beta of 0.80. The company has a 50 day moving average price of $1.87 and a 200 day moving average price of $1.69. PLAYSTUDIOS has a 1-year low of $1.20 and a 1-year high of $3.04.

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.