76,214 Shares in PLAYSTUDIOS, Inc. $MYPS Acquired by Ieq Capital LLC

Ieq Capital LLC acquired a new position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 76,214 shares of the company’s stock, valued at approximately $97,000. Ieq Capital LLC owned approximately 0.06% of PLAYSTUDIOS as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MYPS. Tower Research Capital LLC TRC grew 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 during the last quarter. ProShare Advisors LLC grew its holdings in shares of PLAYSTUDIOS by 49.1% during the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock valued at $46,000 after buying an additional 8,159 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in PLAYSTUDIOS by 34.5% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 39,525 shares of the company’s stock valued at $74,000 after purchasing an additional 10,130 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in PLAYSTUDIOS by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 51,671 shares of the company’s stock valued at $96,000 after purchasing an additional 11,254 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in PLAYSTUDIOS during the fourth quarter worth approximately $153,000. 37.52% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at PLAYSTUDIOS

In related news, General Counsel Joel Agena sold 20,000 shares of PLAYSTUDIOS stock in a transaction on Monday, July 7th. The shares were sold at an average price of $1.27, for a total value of $25,400.00. Following the transaction, the general counsel directly owned 35,301 shares in the company, valued at $44,832.27. This trade represents a 36.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $1.24, for a total transaction of $31,000.00. Following the completion of the transaction, the chief financial officer owned 601,421 shares in the company, valued at approximately $745,762.04. This trade represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 199,430 shares of company stock valued at $268,624 over the last three months. Corporate insiders own 14.67% of the company’s stock.

PLAYSTUDIOS Stock Performance

MYPS stock opened at $0.97 on Tuesday. The company’s 50 day moving average price is $1.11 and its 200 day moving average price is $1.29. PLAYSTUDIOS, Inc. has a fifty-two week low of $0.90 and a fifty-two week high of $2.29. The firm has a market capitalization of $121.44 million, a price-to-earnings ratio of -4.04 and a beta of 0.88.

PLAYSTUDIOS (NASDAQ:MYPS) last released its earnings results on Monday, August 4th. The company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The firm had revenue of $59.34 million for the quarter, compared to analysts’ expectations of $61.63 million. PLAYSTUDIOS had a negative return on equity of 6.07% and a negative net margin of 12.00%. PLAYSTUDIOS has set its FY 2025 guidance at EPS. Equities analysts forecast that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Craig Hallum raised shares of PLAYSTUDIOS from a “hold” rating to a “buy” rating and boosted their target price for the stock from $2.00 to $3.00 in a research note on Friday, May 23rd. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $2.50.

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.