Walleye Capital LLC Cuts Holdings in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Walleye Capital LLC lessened its stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 41.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,473 shares of the company’s stock after selling 20,628 shares during the period. Walleye Capital LLC’s holdings in PLAYSTUDIOS were worth $45,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Price T Rowe Associates Inc. MD lifted its holdings in shares of PLAYSTUDIOS by 22.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock worth $70,000 after acquiring an additional 4,546 shares during the last quarter. SG Americas Securities LLC raised its holdings in PLAYSTUDIOS by 82.4% during the 3rd 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. AQR Capital Management LLC bought a new stake in PLAYSTUDIOS during the 2nd quarter valued at $68,000. Williams & Novak LLC raised its holdings in PLAYSTUDIOS by 25.2% during the 3rd 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. Finally, XTX Topco Ltd bought a new stake in PLAYSTUDIOS during the 2nd quarter valued at $89,000. Hedge funds and other institutional investors own 37.52% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their price target on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a report on Friday, October 18th.

PLAYSTUDIOS Trading Down 4.9 %

Shares of NASDAQ MYPS opened at $2.12 on Friday. PLAYSTUDIOS, Inc. has a 12 month low of $1.20 and a 12 month high of $3.04. The firm has a market capitalization of $264.33 million, a PE ratio of -11.16 and a beta of 0.81. The firm has a fifty day simple moving average of $1.66 and a two-hundred day simple moving average of $1.80.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. The business had revenue of $71.23 million during the quarter, compared to analyst estimates of $69.62 million. During the same period in the prior year, the business earned $0.02 EPS. On average, sell-side analysts predict that PLAYSTUDIOS, Inc. will post -0.16 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Scott Edward Peterson sold 25,000 shares of the company’s 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 of the company’s stock, valued at $972,656.52. This represents a 4.28 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 14.29% of the company’s stock.

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.