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

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

A number of research analysts have recently commented on MYPS shares. Macquarie lowered shares of PLAYSTUDIOS from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. Stifel Nicolaus reduced their target price on PLAYSTUDIOS from $4.00 to $3.50 and set a "buy" rating for the company in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. restated an "underweight" rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th.

Insider Buying and Selling

In other news, CFO Scott Edward Peterson sold 25,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.74, for a total transaction of $43,500.00. Following the sale, the chief financial officer now owns 558,998 shares in the company, valued at $972,656.52. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 14.29% of the stock is owned by insiders.

Hedge Funds Weigh In On PLAYSTUDIOS

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Williams & Novak LLC increased its holdings in shares of PLAYSTUDIOS by 26.9% in the 4th quarter. Williams & Novak LLC now owns 45,300 shares of the company's stock worth $84,000 after purchasing an additional 9,600 shares in the last quarter. SG Americas Securities LLC increased its holdings in PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company's stock worth $72,000 after buying an additional 8,179 shares in the last quarter. JPMorgan Chase & Co. raised its position 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 last quarter. Virtu Financial LLC bought a new position in PLAYSTUDIOS during the 3rd quarter valued at about $32,000. Finally, Barclays PLC raised its stake in PLAYSTUDIOS by 55.9% during the 3rd quarter. Barclays PLC now owns 234,332 shares of the company's stock valued at $354,000 after buying an additional 84,058 shares during the last quarter. 37.52% of the stock is owned by institutional investors.

PLAYSTUDIOS Stock Up 2.5 %

MYPS traded up $0.05 during trading on Friday, hitting $1.88. 127,867 shares of the company traded hands, compared to its average volume of 184,521. The firm has a market cap of $233.78 million, a P/E ratio of -9.87, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81. The stock's fifty day moving average is $1.90 and its 200 day moving average is $1.74. PLAYSTUDIOS has a one year low of $1.20 and a one year high of $3.04.

PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The business had revenue of $71.23 million for the quarter, compared to analysts' expectations of $69.62 million. During the same period in the previous year, the business posted $0.02 EPS. On average, equities research analysts forecast that PLAYSTUDIOS will post -0.16 EPS for the current fiscal year.

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.