In yesterday’s Wall Street session, PLAYSTUDIOS Inc. (NASDAQ:MYPS) shares traded at $4.23, up 3.93% from the previous session.
MYPS stock price is now 10.63% away from the 50-day moving average and -5.95% away from the 200-day moving average. The market capitalization of the company currently stands at $527.78M.
With the price target of $3, BofA Securities recently initiated with Underperform rating for PLAYSTUDIOS Inc. (NASDAQ: MYPS). On July 11, 2022, Craig Hallum Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock reducing its target price from $8 to quote $5, while ‘Morgan Stanley’ rates the stock as ‘Equal-Weight’.
In other news, Peterson Scott Edward, Chief Financial Officer sold 50,257 shares of the company’s stock on Oct 21. The stock was sold for $201,028 at an average price of $4.00. Upon completion of the transaction, the Chief Financial Officer now directly owns 75,000 shares in the company, valued at $0.32 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Oct 20, Chief Financial Officer Peterson Scott Edward sold 18,274 shares of the business’s stock. A total of $73,096 was realized by selling the stock at an average price of $4.00. This leaves the insider owning 125,257 shares of the company worth $0.53 million. Insiders disposed of 3,822,211 shares of company stock worth roughly $16.17 million over the past 1 year. A total of 0.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in MYPS stock. A new stake in PLAYSTUDIOS Inc. shares was purchased by ARROWSTREET CAPITAL, LIMITED PARTNERSHIP during the first quarter worth $1,278,000. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC invested $837,000 in shares of MYPS during the first quarter. In the first quarter, ALGERT GLOBAL LLC acquired a new stake in PLAYSTUDIOS Inc. valued at approximately $523,000. CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM acquired a new stake in MYPS for approximately $443,000. STRS OHIO purchased a new stake in MYPS valued at around $429,000 in the second quarter. In total, there are 129 active investors with 26.60% ownership of the company’s stock.
On Monday morning PLAYSTUDIOS Inc. (NASDAQ: MYPS) stock kicked off with the opening price of $4.0900. During the past 12 months, PLAYSTUDIOS Inc. has had a low of $3.24 and a high of $6.60. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 7.00, and a quick ratio of 7.00. The fifty day moving average price for MYPS is $3.8236 and a two-hundred day moving average price translates $4.4974 for the stock.
The latest earnings results from PLAYSTUDIOS Inc. (NASDAQ: MYPS) was released for Jun, 2022. According to the Electronic Gaming & Multimedia Company, earnings per share came in at $0.04, beating analysts’ expectations of $0 by 0.04. This compares to $0.08 EPS in the same period last year. The net profit margin was -7.20% and return on equity was -6.90% for MYPS. The company reported revenue of $72.13 million for the quarter, compared to $70.57 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.2 percent. For the current quarter, analysts expect MYPS to generate $67.66M in revenue.
PLAYSTUDIOS Inc.(MYPS) Company Profile
PLAYSTUDIOS, Inc. develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada.