Two Sigma Investments LP Grows Position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Two Sigma Investments LP lifted its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 15.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 186,152 shares of the company’s stock after acquiring an additional 25,224 shares during the quarter. Two Sigma Investments LP’s holdings in PLAYSTUDIOS were worth $346,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the business. SG Americas Securities LLC lifted its holdings in PLAYSTUDIOS by 26.7% in the fourth quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock valued at $72,000 after acquiring an additional 8,179 shares during the period. Proficio Capital Partners LLC bought a new position in PLAYSTUDIOS in the fourth quarter valued at about $26,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in PLAYSTUDIOS by 0.9% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company’s stock valued at $1,328,000 after acquiring an additional 6,281 shares during the period. WINTON GROUP Ltd bought a new position in PLAYSTUDIOS in the fourth quarter valued at about $179,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in PLAYSTUDIOS by 12.7% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 550,153 shares of the company’s stock valued at $1,023,000 after acquiring an additional 62,075 shares during the period. 37.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on MYPS. Benchmark raised PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 target price on the stock in a report on Tuesday, May 6th. Craig Hallum raised PLAYSTUDIOS from a “hold” rating to a “buy” rating and increased their target price for the company from $2.00 to $3.00 in a report on Friday, May 23rd. Finally, Macquarie lowered their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

Insider Transactions at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 29,601 shares of PLAYSTUDIOS 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 sale, the chief financial officer now owns 504,397 shares of the company’s stock, valued at approximately $635,540.22. This trade represents a 5.54% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 14.29% of the company’s stock.

PLAYSTUDIOS Price Performance

NASDAQ MYPS opened at $1.50 on Wednesday. The stock’s 50-day moving average price is $1.37 and its 200-day moving average price is $1.60. PLAYSTUDIOS, Inc. has a 52 week low of $1.14 and a 52 week high of $2.46. The company has a market capitalization of $187.63 million, a P/E ratio of -7.89, a price-to-earnings-growth ratio of 17.60 and a beta of 0.91.

PLAYSTUDIOS (NASDAQ:MYPS) last posted its quarterly earnings data on Monday, May 5th. The company reported ($0.02) EPS for the quarter, hitting the consensus estimate of ($0.02). PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The firm had revenue of $62.71 million for the quarter, compared to the consensus estimate of $64.45 million. Research analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.

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.