Scott Edward Peterson Sells 25,000 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson sold 25,000 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $1.50, for a total transaction of $37,500.00. Following the sale, the chief financial officer now owns 583,998 shares of the company’s stock, valued at approximately $875,997. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

PLAYSTUDIOS Trading Down 4.7 %

MYPS stock traded down $0.07 during trading on Friday, hitting $1.41. The company had a trading volume of 268,163 shares, compared to its average volume of 275,351. The firm has a market capitalization of $190.07 million, a price-to-earnings ratio of -10.85 and a beta of 0.59. The business has a 50 day moving average of $1.53 and a 200 day moving average of $1.99. PLAYSTUDIOS, Inc. has a fifty-two week low of $1.40 and a fifty-two week high of $3.04.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. PLAYSTUDIOS had a negative net margin of 6.34% and a negative return on equity of 7.25%. The firm had revenue of $72.59 million for the quarter, compared to analysts’ expectations of $73.49 million. During the same period in the previous year, the business earned ($0.02) earnings per share. As a group, equities analysts predict that PLAYSTUDIOS, Inc. will post -0.06 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MYPS shares. Craig Hallum downgraded shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and reduced their price target for the company from $4.00 to $2.00 in a report on Tuesday, August 6th. Stifel Nicolaus reduced their price target on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a report on Friday. Benchmark downgraded shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, Northland Securities reduced their price target on shares of PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating for the company in a report on Tuesday, August 6th.

Institutional Investors Weigh In On PLAYSTUDIOS

Several hedge funds and other institutional investors have recently bought and sold shares of MYPS. Quadrature Capital Ltd acquired a new position in shares of PLAYSTUDIOS in the 4th quarter valued at about $55,000. GSA Capital Partners LLP increased its holdings in shares of PLAYSTUDIOS by 29.0% in the 1st quarter. GSA Capital Partners LLP now owns 300,456 shares of the company’s stock valued at $835,000 after purchasing an additional 67,602 shares during the period. Acadian Asset Management LLC increased its holdings in shares of PLAYSTUDIOS by 25.1% in the 1st quarter. Acadian Asset Management LLC now owns 1,329,082 shares of the company’s stock valued at $3,690,000 after purchasing an additional 266,313 shares during the period. Clearbridge Investments LLC increased its holdings in shares of PLAYSTUDIOS by 0.5% in the 1st quarter. Clearbridge Investments LLC now owns 1,734,979 shares of the company’s stock valued at $4,823,000 after purchasing an additional 8,506 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of PLAYSTUDIOS by 22.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock valued at $70,000 after purchasing an additional 4,546 shares during the period. 37.52% of the stock is currently owned by 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.