Andrew S. Pascal Buys 11,100 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPSGet Rating) CEO Andrew S. Pascal acquired 11,100 shares of PLAYSTUDIOS stock in a transaction that occurred on Wednesday, April 13th. The shares were purchased at an average price of $5.42 per share, for a total transaction of $60,162.00. Following the transaction, the chief executive officer now directly owns 284,500 shares in the company, valued at $1,541,990. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

NASDAQ MYPS opened at $5.57 on Friday. PLAYSTUDIOS, Inc. has a 52 week low of $3.60 and a 52 week high of $10.17. The company has a 50-day moving average price of $4.63 and a two-hundred day moving average price of $4.44.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded PLAYSTUDIOS from a “sell” rating to a “hold” rating in a research note on Tuesday. Oppenheimer dropped their price target on PLAYSTUDIOS from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, PLAYSTUDIOS has a consensus rating of “Buy” and an average target price of $9.56.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of PLAYSTUDIOS by 2.3% in the 4th quarter. BlackRock Inc. now owns 358,927 shares of the company’s stock worth $1,418,000 after purchasing an additional 8,161 shares during the period. Rubric Capital Management LP bought a new stake in shares of PLAYSTUDIOS in the 4th quarter worth about $2,206,000. Shay Capital LLC purchased a new position in shares of PLAYSTUDIOS during the 4th quarter worth about $40,000. Millennium Management LLC bought a new stake in shares of PLAYSTUDIOS in the 4th quarter valued at about $234,000. Finally, Mirabella Financial Services LLP purchased a new stake in shares of PLAYSTUDIOS in the 4th quarter valued at $69,000. 15.36% of the stock is currently owned by hedge funds and other institutional investors.

About PLAYSTUDIOS (Get Rating)

PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada.

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