Bank of New York Mellon Corp Sells 208,739 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Bank of New York Mellon Corp decreased its stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Free Report) by 49.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 214,929 shares of the company's stock after selling 208,739 shares during the quarter. Bank of New York Mellon Corp owned 0.17% of PLAYSTUDIOS worth $400,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in shares of PLAYSTUDIOS in the 3rd quarter valued at $32,000. SG Americas Securities LLC grew its stake in PLAYSTUDIOS by 26.7% in the fourth quarter. SG Americas Securities LLC now owns 38,828 shares of the company's stock valued at $72,000 after acquiring an additional 8,179 shares during the period. Williams & Novak LLC increased its holdings in shares of PLAYSTUDIOS by 26.9% in the fourth quarter. Williams & Novak LLC now owns 45,300 shares of the company's stock worth $84,000 after acquiring an additional 9,600 shares in the last quarter. Barclays PLC raised its position in shares of PLAYSTUDIOS by 55.9% during the third quarter. Barclays PLC now owns 234,332 shares of the company's stock worth $354,000 after purchasing an additional 84,058 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of PLAYSTUDIOS by 932.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company's stock valued at $1,995,000 after purchasing an additional 1,193,071 shares in the last quarter. Institutional investors own 37.52% of the company's stock.

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Wall Street Analysts Forecast Growth

MYPS has been the topic of several research analyst reports. JPMorgan Chase & Co. restated an "underweight" rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. Benchmark reaffirmed a "hold" rating on shares of PLAYSTUDIOS in a research report on Tuesday, March 11th. Finally, Macquarie lowered their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating for the company in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $3.20.

PLAYSTUDIOS Price Performance

NASDAQ:MYPS traded up $0.03 on Wednesday, hitting $1.25. 151,877 shares of the company's stock were exchanged, compared to its average volume of 220,860. The firm has a 50-day moving average price of $1.57 and a 200-day moving average price of $1.66. PLAYSTUDIOS, Inc. has a 52 week low of $1.14 and a 52 week high of $3.04. The company has a market cap of $166.83 million, a P/E ratio of -6.58, a price-to-earnings-growth ratio of 17.60 and a beta of 0.81.

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.