O Shaughnessy Asset Management LLC Makes New Investment in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

O Shaughnessy Asset Management LLC purchased a new position in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 17,605 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its stake in PLAYSTUDIOS by 10.8% in the third quarter. Geode Capital Management LLC now owns 2,211,020 shares of the company’s stock valued at $3,339,000 after buying an additional 215,347 shares in the last quarter. State Street Corp lifted its position in PLAYSTUDIOS by 0.7% in the 3rd quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after acquiring an additional 12,472 shares in the last quarter. JPMorgan Chase & Co. lifted its position in PLAYSTUDIOS by 932.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock valued at $1,995,000 after acquiring an additional 1,193,071 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in PLAYSTUDIOS by 0.9% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company’s stock valued at $1,328,000 after acquiring an additional 6,281 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in PLAYSTUDIOS by 12.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 550,153 shares of the company’s stock valued at $1,023,000 after buying an additional 62,075 shares during the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

Analyst Upgrades and Downgrades

MYPS has been the topic of several recent analyst reports. Macquarie lowered their price target on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Benchmark reissued a “hold” rating on shares of PLAYSTUDIOS in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.20.

PLAYSTUDIOS Stock Performance

NASDAQ MYPS opened at $1.24 on Tuesday. PLAYSTUDIOS, Inc. has a 52-week low of $1.14 and a 52-week high of $2.62. The firm has a 50-day moving average of $1.46 and a 200-day moving average of $1.64. The stock has a market cap of $165.50 million, a PE ratio of -6.53, a P/E/G ratio of 17.60 and a beta of 0.90.

Insider Buying and Selling at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 29,601 shares of the stock in a transaction that occurred on Tuesday, April 1st. The stock was sold at an average price of $1.26, for a total transaction of $37,297.26. Following the sale, the chief financial officer now owns 504,397 shares of the company’s stock, valued at $635,540.22. This represents a 5.54 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 14.29% of the company’s stock.

About PLAYSTUDIOS

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.