O Shaughnessy Asset Management LLC Invests $33,000 in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

O Shaughnessy Asset Management LLC acquired a new stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) during the fourth quarter, Holdings Channel.com reports. The firm acquired 17,605 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds also recently modified their holdings of the stock. State Street Corp increased its stake in PLAYSTUDIOS by 0.7% in 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 in the last quarter. Barclays PLC grew its stake in shares of PLAYSTUDIOS by 55.9% in 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 period. Geode Capital Management LLC grew its position in PLAYSTUDIOS by 10.8% in the 3rd quarter. Geode Capital Management LLC now owns 2,211,020 shares of the company’s stock valued at $3,339,000 after purchasing an additional 215,347 shares during the period. Virtu Financial LLC acquired a new position in PLAYSTUDIOS during the 3rd quarter valued at about $32,000. Finally, JPMorgan Chase & Co. raised its position in PLAYSTUDIOS by 932.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock valued at $1,995,000 after buying an additional 1,193,071 shares during the last quarter. Institutional investors own 37.52% of the company’s stock.

Insider Buying and Selling at PLAYSTUDIOS

In other news, CFO Scott Edward Peterson sold 29,601 shares of the business’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.26, for a total value of $37,297.26. Following the sale, the chief financial officer now owns 504,397 shares of the company’s stock, valued at $635,540.22. The trade was a 5.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 14.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on MYPS. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Benchmark reissued a “hold” rating on shares of PLAYSTUDIOS in a research report on Tuesday, March 11th. Finally, Macquarie reduced their price objective 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 analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, PLAYSTUDIOS presently has a consensus rating of “Hold” and a consensus price target of $3.20.

PLAYSTUDIOS Trading Down 7.5 %

NASDAQ:MYPS opened at $1.24 on Tuesday. The firm’s 50 day moving average is $1.46 and its 200 day moving average is $1.64. PLAYSTUDIOS, Inc. has a 12 month low of $1.14 and a 12 month high of $2.62. The stock has a market capitalization of $165.50 million, a PE ratio of -6.53, a price-to-earnings-growth ratio of 17.60 and a beta of 0.90.

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.