PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Given Average Recommendation of "Hold" by Analysts

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) have been assigned an average rating of "Hold" from the six ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $3.63.

Several equities research analysts recently weighed in on MYPS shares. JPMorgan Chase & Co. reiterated an "underweight" rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Macquarie lowered shares of PLAYSTUDIOS from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, January 22nd.

Institutional Investors Weigh In On PLAYSTUDIOS

Several large investors have recently made changes to their positions in the company. Mackenzie Financial Corp acquired a new stake in shares of PLAYSTUDIOS in the fourth quarter valued at approximately $490,000. Two Sigma Investments LP increased its stake in shares of PLAYSTUDIOS by 15.7% in the fourth quarter. Two Sigma Investments LP now owns 186,152 shares of the company's stock valued at $346,000 after purchasing an additional 25,224 shares during the period. Two Sigma Advisers LP increased its stake in shares of PLAYSTUDIOS by 19.5% in the fourth quarter. Two Sigma Advisers LP now owns 222,900 shares of the company's stock valued at $415,000 after purchasing an additional 36,400 shares during the period. ProShare Advisors LLC increased its stake in shares of PLAYSTUDIOS by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company's stock valued at $46,000 after purchasing an additional 8,159 shares during the period. Finally, Man Group plc increased its stake in shares of PLAYSTUDIOS by 28.1% in the fourth quarter. Man Group plc now owns 309,761 shares of the company's stock valued at $576,000 after purchasing an additional 67,972 shares during the period. Institutional investors and hedge funds own 37.52% of the company's stock.

PLAYSTUDIOS Stock Performance

Shares of MYPS stock traded down $0.06 during trading hours on Tuesday, hitting $1.70. 105,245 shares of the company were exchanged, compared to its average volume of 149,040. PLAYSTUDIOS has a one year low of $1.20 and a one year high of $3.04. The business's 50-day simple moving average is $1.84 and its two-hundred day simple moving average is $1.69. The stock has a market capitalization of $211.96 million, a price-to-earnings ratio of -8.95, a P/E/G ratio of 17.40 and a beta of 0.80.

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.