Proficio Capital Partners LLC Invests $26,000 in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Proficio Capital Partners LLC purchased a new stake in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 14,039 shares of the company’s stock, valued at approximately $26,000.

Other institutional investors also recently bought and sold shares of the company. Geode Capital Management LLC boosted its stake in PLAYSTUDIOS by 10.8% during the third quarter. Geode Capital Management LLC now owns 2,211,020 shares of the company’s stock worth $3,339,000 after acquiring an additional 215,347 shares in the last quarter. State Street Corp lifted its holdings in shares of PLAYSTUDIOS by 0.7% during the third quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after purchasing an additional 12,472 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of 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 purchasing an additional 1,193,071 shares in the last quarter. Barclays PLC boosted its position in shares of PLAYSTUDIOS by 55.9% in the 3rd quarter. Barclays PLC now owns 234,332 shares of the company’s stock worth $354,000 after purchasing an additional 84,058 shares in the last quarter. Finally, Williams & Novak LLC grew its stake 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 buying an additional 9,600 shares during the last quarter. 37.52% of the stock is owned by institutional investors.

PLAYSTUDIOS Trading Down 5.4 %

Shares of MYPS stock opened at $1.31 on Friday. PLAYSTUDIOS, Inc. has a 12-month low of $1.14 and a 12-month high of $3.04. The stock has a market capitalization of $174.84 million, a P/E ratio of -6.89, a P/E/G ratio of 17.60 and a beta of 0.81. The firm’s 50 day moving average is $1.60 and its 200 day moving average is $1.67.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Benchmark reissued a “hold” rating on shares of PLAYSTUDIOS in a report on Tuesday, March 11th. Macquarie dropped their target price on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to MarketBeat, PLAYSTUDIOS currently has an average rating of “Hold” and an average price target of $3.20.

PLAYSTUDIOS Profile

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.