Price T Rowe Associates Inc. MD Purchases 10,130 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Price T Rowe Associates Inc. MD grew its position in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 34.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,525 shares of the company’s stock after purchasing an additional 10,130 shares during the period. Price T Rowe Associates Inc. MD’s holdings in PLAYSTUDIOS were worth $74,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MYPS. Barclays PLC lifted its stake in PLAYSTUDIOS by 55.9% during the third quarter. Barclays PLC now owns 234,332 shares of the company’s stock worth $354,000 after purchasing an additional 84,058 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in PLAYSTUDIOS by 932.5% during the third 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 during the last quarter. SG Americas Securities LLC lifted its stake in PLAYSTUDIOS by 26.7% during the fourth quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock worth $72,000 after purchasing an additional 8,179 shares during the last quarter. Williams & Novak LLC lifted its stake in PLAYSTUDIOS by 26.9% during the fourth quarter. Williams & Novak LLC now owns 45,300 shares of the company’s stock worth $84,000 after purchasing an additional 9,600 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in PLAYSTUDIOS during the fourth quarter worth about $26,000. Institutional investors own 37.52% of the company’s stock.

Insider Buying and Selling at PLAYSTUDIOS

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 29,601 shares of the company’s stock in a transaction that occurred 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 owns 504,397 shares of the company’s stock, valued at $635,540.22. This represents a 5.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 14.29% of the stock is currently owned by corporate insiders.

PLAYSTUDIOS Trading Down 3.9%

NASDAQ MYPS opened at $1.49 on Monday. PLAYSTUDIOS, Inc. has a 1-year low of $1.14 and a 1-year high of $2.46. The stock has a 50-day moving average of $1.32 and a 200-day moving average of $1.63. The firm has a market cap of $198.86 million, a PE ratio of -7.84, a price-to-earnings-growth ratio of 17.60 and a beta of 0.89.

PLAYSTUDIOS (NASDAQ:MYPS) last released its quarterly earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, meeting analysts’ consensus estimates of ($0.02). The business had revenue of $62.71 million during the quarter, compared to analyst estimates of $64.45 million. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. As a group, equities research analysts forecast that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MYPS shares. Benchmark raised PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 target price for the company in a research note on Tuesday, May 6th. Macquarie lowered their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.60.

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.