SG Americas Securities LLC Acquires 10,380 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

SG Americas Securities LLC boosted its position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 26.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 49,670 shares of the company’s stock after purchasing an additional 10,380 shares during the period. SG Americas Securities LLC’s holdings in PLAYSTUDIOS were worth $135,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in MYPS. Citigroup Inc. lifted its position in PLAYSTUDIOS by 632.2% during the first quarter. Citigroup Inc. now owns 138,523 shares of the company’s stock valued at $672,000 after purchasing an additional 119,604 shares during the period. BlackRock Inc. increased its stake in shares of PLAYSTUDIOS by 3.0% during the first quarter. BlackRock Inc. now owns 369,565 shares of the company’s stock worth $1,793,000 after purchasing an additional 10,638 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of PLAYSTUDIOS by 226.9% during the first quarter. Vanguard Group Inc. now owns 3,470,102 shares of the company’s stock worth $16,830,000 after purchasing an additional 2,408,631 shares in the last quarter. Fuller & Thaler Asset Management Inc. purchased a new stake in shares of PLAYSTUDIOS during the first quarter worth about $2,828,000. Finally, Clearbridge Investments LLC increased its stake in shares of PLAYSTUDIOS by 0.3% during the first quarter. Clearbridge Investments LLC now owns 1,514,113 shares of the company’s stock worth $7,343,000 after purchasing an additional 4,765 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their target price on shares of PLAYSTUDIOS from $6.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, February 23rd.

PLAYSTUDIOS Stock Down 2.9 %

Shares of MYPS opened at $2.36 on Thursday. PLAYSTUDIOS, Inc. has a fifty-two week low of $1.90 and a fifty-two week high of $5.01. The company has a market cap of $321.45 million, a P/E ratio of -15.73, a PEG ratio of 11.33 and a beta of 0.53. The firm’s 50 day moving average price is $2.42 and its 200 day moving average price is $2.55.

PLAYSTUDIOS (NASDAQ:MYPS) last released its quarterly earnings data on Monday, March 11th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). The company had revenue of $77.11 million for the quarter, compared to analysts’ expectations of $75.95 million. PLAYSTUDIOS had a negative return on equity of 7.19% and a negative net margin of 6.24%. Research analysts forecast that PLAYSTUDIOS, Inc. will post 0.01 earnings per share for the current year.

Insider Buying and Selling

In other PLAYSTUDIOS news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 13.95% of the stock is currently owned by company insiders.

PLAYSTUDIOS Profile

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.