Voya Investment Management LLC Raises Stock Position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Voya Investment Management LLC increased its stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 134.0% during the 4th quarter, HoldingsChannel reports. The firm owned 97,855 shares of the company’s stock after buying an additional 56,028 shares during the period. Voya Investment Management LLC’s holdings in PLAYSTUDIOS were worth $182,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Price T Rowe Associates Inc. MD boosted its holdings in PLAYSTUDIOS by 34.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company’s stock worth $74,000 after purchasing an additional 10,130 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in PLAYSTUDIOS by 248.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company’s stock worth $29,000 after purchasing an additional 11,237 shares during the last quarter. MetLife Investment Management LLC purchased a new position in PLAYSTUDIOS in the fourth quarter worth about $109,000. XTX Topco Ltd purchased a new position in PLAYSTUDIOS in the fourth quarter worth about $34,000. Finally, Barclays PLC boosted its stake in shares of PLAYSTUDIOS by 7.2% during the 4th quarter. Barclays PLC now owns 251,229 shares of the company’s stock worth $467,000 after acquiring an additional 16,897 shares during the last quarter. Hedge funds and other institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Trading Down 3.6%

NASDAQ MYPS opened at $1.60 on Wednesday. The stock’s 50 day moving average is $1.31 and its 200 day moving average is $1.62. PLAYSTUDIOS, Inc. has a 12 month low of $1.14 and a 12 month high of $2.55. The stock has a market cap of $213.54 million, a PE ratio of -8.42, a P/E/G ratio of 17.60 and a beta of 0.89.

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

Insider Transactions at PLAYSTUDIOS

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 29,601 shares of PLAYSTUDIOS stock in a transaction on Tuesday, April 1st. The shares were 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 directly 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 14.29% of the company’s stock.

Wall Street Analysts Forecast Growth

MYPS has been the topic of a number of analyst reports. Benchmark raised PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 price objective on the stock in a research report on Tuesday, May 6th. Macquarie lowered their target price on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.60.

PLAYSTUDIOS Company 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.