PLAYSTUDIOS (MYPS) Set to Announce Quarterly Earnings on Monday

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) is set to post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect PLAYSTUDIOS to post earnings of ($0.03) per share for the quarter. Investors that are interested in participating in the company's conference call can do so using this link.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 7.25% and a negative net margin of 6.34%. The firm had revenue of $72.59 million for the quarter, compared to analyst estimates of $73.49 million. During the same period last year, the company earned ($0.02) EPS. On average, analysts expect PLAYSTUDIOS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PLAYSTUDIOS Trading Down 0.7 %

Shares of NASDAQ MYPS traded down $0.01 on Monday, reaching $1.39. 479,105 shares of the company traded hands, compared to its average volume of 272,089. The stock has a market capitalization of $187.38 million, a PE ratio of -10.77 and a beta of 0.59. PLAYSTUDIOS has a fifty-two week low of $1.39 and a fifty-two week high of $3.04. The company has a 50 day moving average of $1.51 and a 200 day moving average of $1.93.

Insider Activity

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 25,000 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $1.50, for a total value of $37,500.00. Following the completion of the transaction, the chief financial officer now owns 583,998 shares in the company, valued at $875,997. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.29% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MYPS. Benchmark downgraded shares of PLAYSTUDIOS from a "buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Craig Hallum lowered PLAYSTUDIOS from a "buy" rating to a "hold" rating and dropped their price target for the stock from $4.00 to $2.00 in a research note on Tuesday, August 6th. Northland Securities reduced their price objective on PLAYSTUDIOS from $5.50 to $4.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 6th. Finally, Stifel Nicolaus dropped their target price on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a "buy" rating for the company in a research report on Friday, October 18th.

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.