Key Points
- On Nov. 11 PLAYSTUDIOS CFO Scott Edward Peterson sold 32,952 shares at an average price of $0.74 for $24,384.48, reducing his stake by 6.71% to 458,469 shares (≈$339,267); he also sold 30,000 shares on Nov. 6 and 25,000 shares on Sept. 10, showing a pattern of recent insider selling.
- PLAYSTUDIOS shares trade near a 52‑week low (~$0.70), the company missed Q3 EPS (‑$0.07 vs. ‑$0.02 expected) and has negative margins, and analysts' consensus is a "Reduce" rating with a $2.00 target.
PLAYSTUDIOS, Inc. (NASDAQ:MYPS - Get Free Report) CFO Scott Edward Peterson sold 32,952 shares of PLAYSTUDIOS stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $0.74, for a total transaction of $24,384.48. Following the transaction, the chief financial officer owned 458,469 shares in the company, valued at approximately $339,267.06. The trade was a 6.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.
Scott Edward Peterson also recently made the following trade(s):
- On Thursday, November 6th, Scott Edward Peterson sold 30,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $0.79, for a total value of $23,700.00.
- On Wednesday, September 10th, Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $0.95, for a total transaction of $23,750.00.
PLAYSTUDIOS Stock Performance
Shares of NASDAQ:MYPS traded down $0.02 during midday trading on Friday, hitting $0.70. 212,334 shares of the stock were exchanged, compared to its average volume of 234,281. The company has a market capitalization of $87.49 million, a PE ratio of -2.38 and a beta of 0.87. PLAYSTUDIOS, Inc. has a 52-week low of $0.69 and a 52-week high of $2.29. The business's fifty day simple moving average is $0.93 and its two-hundred day simple moving average is $1.15.
PLAYSTUDIOS (NASDAQ:MYPS - Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.07) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.05). PLAYSTUDIOS had a negative net margin of 15.10% and a negative return on equity of 8.71%. The business had revenue of $57.65 million for the quarter, compared to the consensus estimate of $58.77 million. PLAYSTUDIOS has set its FY 2025 guidance at EPS. As a group, equities analysts anticipate that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Bridgeway Capital Management LLC increased its holdings in shares of PLAYSTUDIOS by 13.0% during the 3rd quarter. Bridgeway Capital Management LLC now owns 447,900 shares of the company's stock worth $431,000 after acquiring an additional 51,500 shares during the last quarter. Squarepoint Ops LLC increased its holdings in PLAYSTUDIOS by 459.6% in the 3rd quarter. Squarepoint Ops LLC now owns 152,449 shares of the company's stock valued at $147,000 after buying an additional 125,205 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in shares of PLAYSTUDIOS by 24.5% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 673,255 shares of the company's stock worth $648,000 after buying an additional 132,412 shares during the last quarter. Mackenzie Financial Corp boosted its stake in shares of PLAYSTUDIOS by 46.3% in the 3rd quarter. Mackenzie Financial Corp now owns 826,631 shares of the company's stock valued at $796,000 after purchasing an additional 261,518 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in PLAYSTUDIOS in the third quarter valued at approximately $46,000. Institutional investors own 37.52% of the company's stock.
Analysts Set New Price Targets
MYPS has been the subject of several recent analyst reports. Zacks Research downgraded shares of PLAYSTUDIOS from a "hold" rating to a "strong sell" rating in a research note on Thursday, November 6th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of PLAYSTUDIOS in a research note on Wednesday, November 5th. Finally, Benchmark decreased their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a "speculative buy" rating for the company in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus target price of $2.00.
Read Our Latest Report on PLAYSTUDIOS
PLAYSTUDIOS Company Profile
(
Get Free Report)
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.
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