Mackenzie Financial Corp Grows Stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Mackenzie Financial Corp lifted its stake in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 118.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 575,737 shares of the company’s stock after buying an additional 312,286 shares during the period. Mackenzie Financial Corp owned approximately 0.43% of PLAYSTUDIOS worth $731,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Tower Research Capital LLC TRC raised its position in shares of 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 acquiring an additional 11,237 shares during the period. O Shaughnessy Asset Management LLC acquired a new position in shares of PLAYSTUDIOS in the 4th quarter worth approximately $33,000. XTX Topco Ltd acquired a new stake in PLAYSTUDIOS during the 4th quarter worth approximately $34,000. ProShare Advisors LLC raised its holdings in shares of 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 in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of PLAYSTUDIOS by 34.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company’s stock valued at $74,000 after buying an additional 10,130 shares during the last quarter. 37.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have issued reports on MYPS. Craig Hallum raised shares of PLAYSTUDIOS from a “hold” rating to a “buy” rating and raised their price objective for the stock from $2.00 to $3.00 in a research report on Friday, May 23rd. Benchmark upgraded shares of PLAYSTUDIOS from a “hold” rating to a “speculative buy” rating and set a $2.00 target price for the company in a research report on Tuesday, May 6th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $2.50.

Insider Buying and Selling at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 25,000 shares of the company’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $1.24, for a total value of $31,000.00. Following the sale, the chief financial officer directly owned 601,421 shares of the company’s stock, valued at $745,762.04. This represents a 3.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Joel Agena sold 20,491 shares of the business’s stock in a transaction dated Monday, June 16th. The shares were sold at an average price of $1.43, for a total transaction of $29,302.13. Following the sale, the general counsel directly owned 300,201 shares of the company’s stock, valued at approximately $429,287.43. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 199,430 shares of company stock valued at $268,624 over the last 90 days. Insiders own 14.67% of the company’s stock.

PLAYSTUDIOS Price Performance

NASDAQ:MYPS opened at $1.09 on Thursday. PLAYSTUDIOS, Inc. has a 1-year low of $1.05 and a 1-year high of $2.29. The firm has a 50 day simple moving average of $1.31 and a 200-day simple moving average of $1.42. The firm has a market cap of $136.34 million, a PE ratio of -4.54 and a beta of 0.89.

PLAYSTUDIOS (NASDAQ:MYPS) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). PLAYSTUDIOS had a negative return on equity of 6.04% and a negative net margin of 12.00%. The business had revenue of $59.34 million for the quarter, compared to analysts’ expectations of $61.63 million. As a group, sell-side analysts expect that PLAYSTUDIOS, Inc. will post -0.17 earnings per share for the current fiscal year.

PLAYSTUDIOS Company 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.