PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Expected to Earn FY2022 Earnings of ($0.07) Per Share

PLAYSTUDIOS, Inc. (NASDAQ:MYPSGet Rating) – Equities research analysts at Oppenheimer cut their FY2022 EPS estimates for PLAYSTUDIOS in a report released on Wednesday, November 9th. Oppenheimer analyst M. Yang now anticipates that the company will earn ($0.07) per share for the year, down from their prior estimate of ($0.06). The consensus estimate for PLAYSTUDIOS’s current full-year earnings is ($0.07) per share.

Other analysts have also recently issued research reports about the stock. Bank of America assumed coverage on shares of PLAYSTUDIOS in a research report on Tuesday, August 23rd. They set an “underperform” rating and a $3.00 price target on the stock. Morgan Stanley dropped their price objective on shares of PLAYSTUDIOS from $5.20 to $4.70 and set an “equal weight” rating on the stock in a report on Wednesday, September 7th.

PLAYSTUDIOS Trading Up 4.1 %

Shares of MYPS opened at $4.07 on Monday. The stock has a market capitalization of $514.46 million, a P/E ratio of -29.07 and a beta of 0.10. The firm’s fifty day simple moving average is $3.82 and its two-hundred day simple moving average is $4.44. PLAYSTUDIOS has a 12 month low of $3.24 and a 12 month high of $6.60.

Insider Buying and Selling

In related news, CFO Scott Edward Peterson sold 18,274 shares of the company’s stock in a transaction dated Thursday, October 20th. The shares were sold at an average price of $4.00, for a total value of $73,096.00. Following the sale, the chief financial officer now owns 125,257 shares in the company, valued at approximately $501,028. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 25.14% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On PLAYSTUDIOS

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas purchased a new stake in PLAYSTUDIOS in the 2nd quarter valued at about $53,000. Royce & Associates LP bought a new position in shares of PLAYSTUDIOS during the 3rd quarter valued at approximately $56,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of PLAYSTUDIOS during the 2nd quarter valued at approximately $66,000. SG Americas Securities LLC bought a new position in shares of PLAYSTUDIOS during the 2nd quarter valued at approximately $87,000. Finally, Arizona State Retirement System bought a new position in PLAYSTUDIOS in the 2nd quarter worth approximately $96,000. Hedge funds and other institutional investors own 22.70% of the company’s stock.


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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.

Further Reading

Earnings History and Estimates for PLAYSTUDIOS (NASDAQ:MYPS)

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