Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) shot up 6.1% during trading on Monday . The stock traded as high as $0.5030 and last traded at $0.4904. Approximately 1,168,606 shares were traded during mid-day trading, a decline of 12% from the average session volume of 1,334,727 shares. The stock had previously closed at $0.4623.
Analyst Ratings Changes
MYPS has been the subject of a number of research reports. Craig Hallum reiterated a “buy” rating and issued a $1.00 price target on shares of PLAYSTUDIOS in a report on Tuesday, March 17th. Wall Street Zen upgraded PLAYSTUDIOS to a “sell” rating in a report on Saturday, June 6th. Benchmark reaffirmed a “hold” rating on shares of PLAYSTUDIOS in a research report on Tuesday, March 17th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLAYSTUDIOS in a report on Wednesday, June 24th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $1.25.
View Our Latest Stock Analysis on MYPS
PLAYSTUDIOS Trading Up 6.1%
PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last released its quarterly earnings data on Monday, May 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.03). The business had revenue of $58.41 million for the quarter, compared to the consensus estimate of $52.69 million. PLAYSTUDIOS had a negative net margin of 15.79% and a negative return on equity of 14.38%. On average, analysts anticipate that PLAYSTUDIOS, Inc. will post -0.24 earnings per share for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in MYPS. Orion Porfolio Solutions LLC bought a new position in shares of PLAYSTUDIOS in the 3rd quarter worth $30,000. Franklin Resources Inc. purchased a new stake in shares of PLAYSTUDIOS during the 3rd quarter worth $46,000. Verdad Advisers LP bought a new stake in PLAYSTUDIOS during the fourth quarter valued at about $48,000. Deutsche Bank AG bought a new stake in PLAYSTUDIOS during the fourth quarter valued at about $61,000. Finally, Wells Fargo & Company MN grew its stake in PLAYSTUDIOS by 46.2% in the fourth quarter. Wells Fargo & Company MN now owns 100,224 shares of the company’s stock valued at $65,000 after purchasing an additional 31,685 shares during the last quarter. 37.52% of the stock is currently owned by hedge funds and other institutional investors.
PLAYSTUDIOS Company Profile
PLAYSTUDIOS, traded on NASDAQ as MYPS, is a digital entertainment company that develops free-to-play mobile and social casino games. Its flagship titles include POP! Slots, myVEGAS Slots and my KONAMI Slots, which combine classic casino mechanics with branded content and a proprietary loyalty program. Through the MyPLAY system, players earn virtual currency and loyalty points redeemable for real-world rewards, including hotel stays, dining and entertainment vouchers at partner venues.
Founded in 2011 and headquartered in Las Vegas, Nevada, PLAYSTUDIOS was co-founded by industry veteran Andrew Pascal, who serves as its Chief Executive Officer.
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