Two Sigma Investments LP Acquires 25,224 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Two Sigma Investments LP lifted its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 15.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 186,152 shares of the company’s stock after acquiring an additional 25,224 shares during the quarter. Two Sigma Investments LP owned approximately 0.15% of PLAYSTUDIOS worth $346,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Proficio Capital Partners LLC bought a new position in PLAYSTUDIOS in the fourth quarter worth $26,000. Tower Research Capital LLC TRC raised its holdings in PLAYSTUDIOS by 248.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company’s stock worth $29,000 after purchasing an additional 11,237 shares in the last quarter. O Shaughnessy Asset Management LLC bought a new position in PLAYSTUDIOS in the fourth quarter worth $33,000. XTX Topco Ltd bought a new position in PLAYSTUDIOS in the fourth quarter worth $34,000. Finally, ProShare Advisors LLC raised its holdings in PLAYSTUDIOS by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock worth $46,000 after purchasing an additional 8,159 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Stock Performance

NASDAQ MYPS opened at $1.50 on Wednesday. PLAYSTUDIOS, Inc. has a 12 month low of $1.14 and a 12 month high of $2.46. The stock has a market cap of $187.63 million, a P/E ratio of -7.89, a P/E/G ratio of 17.60 and a beta of 0.91. The stock’s fifty day moving average price is $1.37 and its 200-day moving average price is $1.60.

PLAYSTUDIOS (NASDAQ:MYPS) last released its earnings results on Monday, May 5th. The company reported ($0.02) EPS for the quarter, hitting analysts’ consensus estimates of ($0.02). PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The firm had revenue of $62.71 million for the quarter, compared to analysts’ expectations of $64.45 million. As a group, analysts forecast that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

Insider Transactions at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 29,601 shares of the stock in a transaction 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 directly owns 504,397 shares of the company’s stock, valued at $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 available at the SEC website. Insiders own 14.29% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MYPS. Craig Hallum upgraded PLAYSTUDIOS from a “hold” rating to a “buy” rating and increased their price objective for the stock from $2.00 to $3.00 in a report on Friday, May 23rd. Benchmark upgraded PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 price objective for the company in a report on Tuesday, May 6th. Finally, Macquarie decreased their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $2.80.

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.