PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives $3.20 Consensus Price Target from Analysts

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) have received a consensus recommendation of "Hold" from the six brokerages that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $3.20.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. reissued an "underweight" rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. Macquarie decreased their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Finally, Benchmark reissued a "hold" rating on shares of PLAYSTUDIOS in a report on Tuesday, March 11th.

PLAYSTUDIOS Stock Up 4.2 %

Shares of MYPS stock traded up $0.05 on Friday, hitting $1.25. The company had a trading volume of 542,413 shares, compared to its average volume of 227,235. The firm has a market cap of $155.86 million, a P/E ratio of -6.58, a price-to-earnings-growth ratio of 17.60 and a beta of 0.81. The company has a 50-day moving average price of $1.68 and a 200-day moving average price of $1.68. PLAYSTUDIOS has a twelve month low of $1.14 and a twelve month high of $3.04.

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Institutional Investors Weigh In On PLAYSTUDIOS

Large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of PLAYSTUDIOS by 0.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company's stock valued at $1,328,000 after purchasing an additional 6,281 shares in the last quarter. ProShare Advisors LLC grew its position 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 in the last quarter. SG Americas Securities LLC grew its position in shares of 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 purchasing an additional 8,179 shares in the last quarter. Williams & Novak LLC grew its position in shares of PLAYSTUDIOS by 26.9% in the fourth quarter. Williams & Novak LLC now owns 45,300 shares of the company's stock valued at $84,000 after purchasing an additional 9,600 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of PLAYSTUDIOS by 34.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company's stock valued at $74,000 after purchasing an additional 10,130 shares in the last quarter. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

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.