Analysts Set PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Price Target at $3.20

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been assigned an average rating of “Hold” from the six analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $3.20.

A number of research analysts have recently weighed in on the company. Macquarie dropped their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. reissued an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th. Finally, Benchmark reissued a “hold” rating on shares of PLAYSTUDIOS in a research report on Tuesday, March 11th.

PLAYSTUDIOS Price Performance

MYPS opened at $1.20 on Friday. PLAYSTUDIOS has a fifty-two week low of $1.14 and a fifty-two week high of $3.04. The firm has a market capitalization of $149.62 million, a PE ratio of -6.32, a P/E/G ratio of 17.60 and a beta of 0.81. The company’s 50-day moving average is $1.68 and its 200 day moving average is $1.68.

Institutional Investors Weigh In On PLAYSTUDIOS

Several large investors have recently modified their holdings of MYPS. Ameriprise Financial Inc. lifted its holdings in PLAYSTUDIOS by 18.3% during the fourth quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company’s stock valued at $4,430,000 after purchasing an additional 368,879 shares during the last quarter. Geode Capital Management LLC raised its position in shares of PLAYSTUDIOS by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,226,873 shares of the company’s stock valued at $4,143,000 after purchasing an additional 15,853 shares during the period. State Street Corp lifted its stake in shares of 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 buying an additional 12,472 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in PLAYSTUDIOS by 932.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock worth $1,995,000 after buying an additional 1,193,071 shares during the period. Finally, Northern Trust Corp grew its stake in PLAYSTUDIOS by 6.1% in the 4th quarter. Northern Trust Corp now owns 786,880 shares of the company’s stock valued at $1,464,000 after buying an additional 44,983 shares in the last quarter. Hedge funds and other institutional investors own 37.52% of the company’s stock.

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.