MetLife Investment Management LLC Buys New Holdings in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

MetLife Investment Management LLC purchased a new position in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 58,345 shares of the company’s stock, valued at approximately $109,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC bought a new position in shares of PLAYSTUDIOS during the 4th quarter worth about $26,000. Virtu Financial LLC acquired a new position in PLAYSTUDIOS in the third quarter worth about $32,000. O Shaughnessy Asset Management LLC bought a new position in PLAYSTUDIOS during the fourth quarter worth about $33,000. XTX Topco Ltd acquired a new stake in PLAYSTUDIOS during the fourth quarter valued at approximately $34,000. Finally, SG Americas Securities LLC grew its stake in shares of PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock valued at $72,000 after purchasing an additional 8,179 shares during the period. Institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Price Performance

Shares of MYPS opened at $1.54 on Friday. The company has a market capitalization of $205.54 million, a P/E ratio of -8.11, a PEG ratio of 17.60 and a beta of 0.89. PLAYSTUDIOS, Inc. has a one year low of $1.14 and a one year high of $2.55. The business’s 50 day simple moving average is $1.31 and its 200-day simple moving average is $1.62.

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

Analysts Set New Price Targets

Several research firms recently commented on MYPS. Benchmark upgraded PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 target price for the company in a research report on Tuesday. Macquarie cut their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $2.60.

Insider Buying and Selling

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 29,601 shares of the business’s stock in a transaction dated Tuesday, April 1st. The shares were sold at an average price of $1.26, for a total value of $37,297.26. Following the completion of the transaction, the chief financial officer now directly owns 504,397 shares of the company’s stock, valued at approximately $635,540.22. The trade was a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 14.29% of the stock is owned by corporate insiders.

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.