Andrew S. Pascal Buys 11,400 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Rating) CEO Andrew S. Pascal purchased 11,400 shares of the company’s stock in a transaction dated Monday, May 16th. The shares were bought at an average price of $5.29 per share, for a total transaction of $60,306.00. Following the completion of the transaction, the chief executive officer now directly owns 341,400 shares in the company, valued at approximately $1,806,006. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

MYPS opened at $5.02 on Thursday. PLAYSTUDIOS, Inc. has a 12 month low of $3.60 and a 12 month high of $10.08. The stock’s 50 day moving average price is $5.02 and its 200 day moving average price is $4.58.

PLAYSTUDIOS (NASDAQ:MYPS – Get Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.01) EPS for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $71.93 million for the quarter, compared to analysts’ expectations of $69.89 million. PLAYSTUDIOS had a negative return on equity of 7.54% and a negative net margin of 7.19%. As a group, research analysts expect that PLAYSTUDIOS, Inc. will post -0.12 earnings per share for the current fiscal year.

MYPS has been the topic of a number of research reports. Morgan Stanley increased their price target on PLAYSTUDIOS to $5.20 and gave the stock an “equal weight” rating in a research report on Tuesday. Zacks Investment Research cut PLAYSTUDIOS from a “hold” rating to a “strong sell” rating in a research report on Saturday, May 7th. Finally, Oppenheimer lowered their target price on PLAYSTUDIOS from $9.00 to $8.00 and set an “outperform” rating on the stock in a research report on Friday, February 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PLAYSTUDIOS has a consensus rating of “Hold” and a consensus target price of $9.55.

Hedge funds and other institutional investors have recently modified their holdings of the business. Morgan Stanley boosted its stake in PLAYSTUDIOS by 291.6% during the 3rd quarter. Morgan Stanley now owns 6,070 shares of the company’s stock valued at $28,000 after purchasing an additional 4,520 shares in the last quarter. Penserra Capital Management LLC boosted its stake in shares of PLAYSTUDIOS by 57.2% during the 3rd quarter. Penserra Capital Management LLC now owns 8,390 shares of the company’s stock worth $38,000 after acquiring an additional 3,054 shares in the last quarter. Shay Capital LLC bought a new stake in shares of PLAYSTUDIOS during the 4th quarter worth $40,000. Citigroup Inc. boosted its stake in shares of PLAYSTUDIOS by 247.0% during the 3rd quarter. Citigroup Inc. now owns 10,409 shares of the company’s stock worth $47,000 after acquiring an additional 7,409 shares in the last quarter. Finally, National Asset Management Inc. bought a new stake in shares of PLAYSTUDIOS during the 3rd quarter worth $48,000. 14.10% of the stock is owned by hedge funds and other institutional investors.

PLAYSTUDIOS Company Profile (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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