Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $3.63.
A number of equities research analysts recently commented on the stock. Stifel Nicolaus lowered their price target 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. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Finally, Macquarie downgraded PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd.
Read Our Latest Research Report on PLAYSTUDIOS
Insider Buying and Selling at PLAYSTUDIOS
Institutional Investors Weigh In On PLAYSTUDIOS
A number of large investors have recently added to or reduced their stakes in MYPS. American Century Companies Inc. boosted its holdings in shares of PLAYSTUDIOS by 152.0% in the 2nd quarter. American Century Companies Inc. now owns 272,204 shares of the company’s stock worth $563,000 after purchasing an additional 164,166 shares in the last quarter. Renaissance Technologies LLC boosted its stake in PLAYSTUDIOS by 21.5% in the second quarter. Renaissance Technologies LLC now owns 360,000 shares of the company’s stock worth $745,000 after buying an additional 63,800 shares in the last quarter. XTX Topco Ltd bought a new position in PLAYSTUDIOS during the second quarter valued at approximately $89,000. Sei Investments Co. raised its stake in shares of PLAYSTUDIOS by 17.2% during the second quarter. Sei Investments Co. now owns 75,478 shares of the company’s stock worth $156,000 after acquiring an additional 11,057 shares in the last quarter. Finally, AQR Capital Management LLC bought a new stake in shares of PLAYSTUDIOS in the 2nd quarter worth approximately $68,000. Hedge funds and other institutional investors own 37.52% of the company’s stock.
PLAYSTUDIOS Trading Up 4.4 %
Shares of NASDAQ:MYPS opened at $1.89 on Friday. PLAYSTUDIOS has a 1-year low of $1.20 and a 1-year high of $3.04. The stock has a market cap of $235.65 million, a PE ratio of -9.95, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81. The stock’s fifty day simple moving average is $1.91 and its two-hundred day simple moving average is $1.73.
PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last posted its earnings results 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 firm had revenue of $71.23 million for the quarter, compared to analysts’ expectations of $69.62 million. During the same quarter last year, the firm earned $0.02 EPS. On average, sell-side analysts forecast that PLAYSTUDIOS will post -0.16 earnings per share for the current fiscal 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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