PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Shares Sold by Sei Investments Co.

Sei Investments Co. cut its position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 47.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 35,513 shares of the company’s stock after selling 31,997 shares during the quarter. Sei Investments Co.’s holdings in PLAYSTUDIOS were worth $66,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. State Street Corp grew its stake in PLAYSTUDIOS by 0.7% during the 3rd 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 in the last quarter. Barclays PLC boosted its stake in shares of 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. Geode Capital Management LLC grew its position in shares of 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 buying an additional 215,347 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of PLAYSTUDIOS in the third quarter worth $32,000. Finally, JPMorgan Chase & Co. raised its holdings in PLAYSTUDIOS by 932.5% in the third quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock valued at $1,995,000 after acquiring an additional 1,193,071 shares in the last quarter. 37.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on MYPS. JPMorgan Chase & Co. reissued an “underweight” rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. Macquarie decreased their price target on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, Benchmark restated a “hold” rating on shares of PLAYSTUDIOS in a research note on Tuesday, March 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $3.20.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ:MYPS opened at $1.34 on Friday. The company’s fifty day moving average is $1.47 and its two-hundred day moving average is $1.64. PLAYSTUDIOS, Inc. has a 1-year low of $1.14 and a 1-year high of $2.72. The stock has a market capitalization of $178.84 million, a price-to-earnings ratio of -7.05, a price-to-earnings-growth ratio of 17.60 and a beta of 0.90.

Insider Activity at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 29,601 shares of the company’s stock in a transaction on Tuesday, April 1st. The stock was sold at an average price of $1.26, for a total transaction of $37,297.26. Following the completion of the transaction, the chief financial officer now directly owns 504,397 shares in the company, valued at $635,540.22. This represents a 5.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.29% of the company’s stock.

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.