PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives $3.63 Consensus Target Price from Analysts

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has earned a consensus rating of “Hold” from the six ratings firms that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $3.63.

Several equities analysts recently commented on MYPS shares. Macquarie downgraded shares of PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of MYPS. Proficio Capital Partners LLC acquired a new position in PLAYSTUDIOS during the fourth quarter worth $26,000. Tower Research Capital LLC TRC lifted its stake in shares of PLAYSTUDIOS by 248.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company’s stock valued at $29,000 after buying an additional 11,237 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of PLAYSTUDIOS during the 3rd quarter valued at $32,000. O Shaughnessy Asset Management LLC purchased a new position in PLAYSTUDIOS during the fourth quarter valued at approximately $33,000. Finally, XTX Topco Ltd bought a new stake in PLAYSTUDIOS during the fourth quarter valued at $34,000. 37.52% of the stock is owned by institutional investors.

PLAYSTUDIOS Trading Down 3.4 %

NASDAQ MYPS opened at $1.70 on Tuesday. PLAYSTUDIOS has a 1 year low of $1.20 and a 1 year high of $3.04. The firm has a market capitalization of $211.96 million, a P/E ratio of -8.95, a price-to-earnings-growth ratio of 17.60 and a beta of 0.80. The firm’s fifty day moving average price is $1.84 and its two-hundred day moving average price is $1.69.

About PLAYSTUDIOS

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.