PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson Sells 25,000 Shares

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson sold 25,000 shares of the business’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $1.74, for a total value of $43,500.00. Following the sale, the chief financial officer now owns 558,998 shares of the company’s stock, valued at $972,656.52. The trade was a 4.28 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Scott Edward Peterson also recently made the following trade(s):

• On Wednesday, October 16th, Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $1.50, for a total transaction of $37,500.00.

PLAYSTUDIOS Price Performance

PLAYSTUDIOS stock opened at $1.88 on Friday. The firm’s fifty day moving average price is $1.53 and its 200 day moving average price is $1.83. The company has a market capitalization of $234.40 million, a price-to-earnings ratio of -9.89 and a beta of 0.61. PLAYSTUDIOS, Inc. has a 12-month low of $1.20 and a 12-month high of $3.04.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its earnings results on Monday, November 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.01. The business had revenue of $71.23 million for the quarter, compared to analyst estimates of $69.62 million. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. During the same period in the previous year, the company earned $0.02 earnings per share. Analysts forecast that PLAYSTUDIOS, Inc. will post -0.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On PLAYSTUDIOS

Institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC raised its position in shares of PLAYSTUDIOS by 25.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,329,082 shares of the company’s stock worth $3,690,000 after purchasing an additional 266,313 shares during the period. Clearbridge Investments LLC increased its position in PLAYSTUDIOS by 0.5% in the first quarter. Clearbridge Investments LLC now owns 1,734,979 shares of the company’s stock worth $4,823,000 after buying an additional 8,506 shares during the period. Price T Rowe Associates Inc. MD boosted its holdings in shares of PLAYSTUDIOS by 22.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock valued at $70,000 after acquiring an additional 4,546 shares during the period. Simplicity Wealth LLC acquired a new position in shares of PLAYSTUDIOS during the second quarter valued at $25,000. Finally, Williams & Novak LLC bought a new position in shares of PLAYSTUDIOS during the second quarter worth about $59,000. Institutional investors and hedge funds own 37.52% of the company’s stock.

Analyst Upgrades and Downgrades

MYPS has been the topic of a number of research reports. Craig Hallum downgraded shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and cut their target price for the company from $4.00 to $2.00 in a research note on Tuesday, August 6th. Northland Securities cut their price objective on PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday, August 6th. Stifel Nicolaus decreased their target price on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a research report on Friday, October 18th. Finally, Benchmark lowered PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th.

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.