PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Shares Sold by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC trimmed its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPSGet Rating) by 60.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,000 shares of the company’s stock after selling 9,000 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in PLAYSTUDIOS were worth $29,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Cooper Creek Partners Management LLC raised its stake in shares of PLAYSTUDIOS by 19.8% during the 4th quarter. Cooper Creek Partners Management LLC now owns 667,950 shares of the company’s stock worth $2,638,000 after buying an additional 110,184 shares during the period. Rubric Capital Management LP acquired a new position in PLAYSTUDIOS in the 4th quarter valued at $2,206,000. Granite Point Capital Management L.P. raised its stake in PLAYSTUDIOS by 296.8% in the 4th quarter. Granite Point Capital Management L.P. now owns 150,000 shares of the company’s stock valued at $593,000 after purchasing an additional 112,200 shares during the last quarter. Wetherby Asset Management Inc. raised its stake in PLAYSTUDIOS by 205.6% in the 4th quarter. Wetherby Asset Management Inc. now owns 54,250 shares of the company’s stock valued at $214,000 after purchasing an additional 36,500 shares during the last quarter. Finally, Wynnefield Capital Inc. acquired a new position in PLAYSTUDIOS in the 4th quarter valued at $198,000. 14.10% of the stock is owned by institutional investors and hedge funds.

PLAYSTUDIOS Stock Up 1.3 %

Shares of NASDAQ:MYPS opened at $3.79 on Friday. The business has a fifty day moving average of $4.85 and a two-hundred day moving average of $4.83. The stock has a market cap of $479.07 million, a P/E ratio of -19.95 and a beta of -0.50. PLAYSTUDIOS, Inc. has a 52-week low of $3.60 and a 52-week high of $6.60.

PLAYSTUDIOS (NASDAQ:MYPSGet Rating) last released its quarterly earnings results on Thursday, May 5th. The company reported ($0.11) earnings per share for the quarter. The business had revenue of $70.45 million for the quarter, compared to analysts’ expectations of $74.64 million. PLAYSTUDIOS had a negative return on equity of 7.54% and a negative net margin of 7.19%. On average, equities analysts anticipate that PLAYSTUDIOS, Inc. will post -0.1 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on MYPS. Craig Hallum downgraded PLAYSTUDIOS from a “buy” rating to a “hold” rating and reduced their price objective for the company from $8.00 to $5.00 in a research note on Monday, July 11th. Morgan Stanley increased their price objective on PLAYSTUDIOS to $5.20 and gave the company an “equal weight” rating in a research note on Tuesday, May 17th.

Insider Transactions at PLAYSTUDIOS

In other PLAYSTUDIOS news, CEO Andrew S. Pascal purchased 13,500 shares of the stock in a transaction dated Monday, June 27th. The stock was acquired at an average cost of $4.56 per share, for a total transaction of $61,560.00. Following the acquisition, the chief executive officer now owns 406,300 shares in the company, valued at approximately $1,852,728. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Andrew S. Pascal bought 13,500 shares of the firm’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average price of $4.56 per share, with a total value of $61,560.00. Following the purchase, the chief executive officer now owns 406,300 shares in the company, valued at $1,852,728. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Andrew S. Pascal bought 14,300 shares of the firm’s stock in a transaction that occurred on Monday, May 9th. The shares were purchased at an average cost of $4.21 per share, for a total transaction of $60,203.00. Following the purchase, the chief executive officer now owns 330,000 shares in the company, valued at approximately $1,389,300. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 90,600 shares of company stock worth $484,352.

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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Institutional Ownership by Quarter for PLAYSTUDIOS (NASDAQ:MYPS)

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