SG Americas Securities LLC Trims Stock Holdings in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

SG Americas Securities LLC lowered its stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 44.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,803 shares of the company’s stock after selling 13,411 shares during the quarter. SG Americas Securities LLC’s holdings in PLAYSTUDIOS were worth $35,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Simplicity Wealth LLC purchased a new stake in PLAYSTUDIOS in the 2nd quarter worth approximately $25,000. Price T Rowe Associates Inc. MD increased its stake in shares of PLAYSTUDIOS by 22.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock worth $70,000 after purchasing an additional 4,546 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of PLAYSTUDIOS by 0.5% during the 1st quarter. Clearbridge Investments LLC now owns 1,734,979 shares of the company’s stock valued at $4,823,000 after purchasing an additional 8,506 shares during the period. Acadian Asset Management LLC lifted its stake in shares of PLAYSTUDIOS by 25.1% during the 1st quarter. Acadian Asset Management LLC now owns 1,329,082 shares of the company’s stock valued at $3,690,000 after buying an additional 266,313 shares in the last quarter. Finally, GSA Capital Partners LLP boosted its holdings in PLAYSTUDIOS by 29.0% in the 1st quarter. GSA Capital Partners LLP now owns 300,456 shares of the company’s stock worth $835,000 after buying an additional 67,602 shares during the period. 37.52% of the stock is owned by hedge funds and other institutional investors.

PLAYSTUDIOS Stock Down 5.5 %

MYPS opened at $1.56 on Wednesday. The company has a market capitalization of $210.29 million, a PE ratio of -12.00, a price-to-earnings-growth ratio of 7.07 and a beta of 0.63. The firm has a 50-day simple moving average of $1.92 and a two-hundred day simple moving average of $2.21. PLAYSTUDIOS, Inc. has a 52 week low of $1.44 and a 52 week high of $3.69.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its quarterly earnings results on Monday, August 5th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 6.73% and a negative net margin of 5.64%. The company had revenue of $72.59 million during the quarter, compared to analyst estimates of $73.49 million. During the same period in the prior year, the company earned ($0.02) earnings per share. As a group, sell-side analysts expect that PLAYSTUDIOS, Inc. will post 0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MYPS shares. Craig Hallum cut PLAYSTUDIOS from a “buy” rating to a “hold” rating and decreased their price target for the company from $4.00 to $2.00 in a report on Tuesday, August 6th. Benchmark cut PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, Northland Securities lowered their price target on PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th.

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.