Two Sigma Advisers LP Buys 36,400 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Two Sigma Advisers LP lifted its stake in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 19.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 222,900 shares of the company’s stock after acquiring an additional 36,400 shares during the quarter. Two Sigma Advisers LP owned about 0.18% of PLAYSTUDIOS worth $415,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in PLAYSTUDIOS by 0.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 713,907 shares of the company’s stock valued at $1,328,000 after purchasing an additional 6,281 shares during the last quarter. ProShare Advisors LLC boosted its holdings in PLAYSTUDIOS by 49.1% in the 4th quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock valued at $46,000 after purchasing an additional 8,159 shares during the period. SG Americas Securities LLC grew its position in PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock worth $72,000 after purchasing an additional 8,179 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of PLAYSTUDIOS by 34.5% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company’s stock worth $74,000 after purchasing an additional 10,130 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of PLAYSTUDIOS by 248.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company’s stock valued at $29,000 after buying an additional 11,237 shares during the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on MYPS shares. Benchmark raised PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 target price on the stock in a research report on Tuesday, May 6th. Macquarie decreased their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Finally, Craig Hallum upgraded PLAYSTUDIOS from a “hold” rating to a “buy” rating and boosted their price objective for the company from $2.00 to $3.00 in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

PLAYSTUDIOS Trading Down 5.8%

NASDAQ MYPS opened at $1.47 on Thursday. PLAYSTUDIOS, Inc. has a 1-year low of $1.14 and a 1-year high of $2.46. The company has a market capitalization of $183.87 million, a price-to-earnings ratio of -7.74, a PEG ratio of 17.60 and a beta of 0.91. The stock’s 50 day moving average is $1.35 and its two-hundred day moving average is $1.61.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its quarterly earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, meeting the consensus estimate of ($0.02). PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The business had revenue of $62.71 million for the quarter, compared to analyst estimates of $64.45 million. On average, analysts predict that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current year.

Insider Activity

In other news, CFO Scott Edward Peterson sold 29,601 shares of the firm’s stock in a transaction that occurred on Tuesday, April 1st. The shares were sold at an average price of $1.26, for a total transaction of $37,297.26. Following the completion of the sale, the chief financial officer now owns 504,397 shares of the company’s stock, valued at approximately $635,540.22. This trade represents a 5.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 14.29% of the stock is owned by corporate 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.