Acadian Asset Management LLC Purchases 72,511 Shares of PLAYSTUDIOS, Inc. $MYPS

Acadian Asset Management LLC increased its position in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 5.3% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,433,255 shares of the company’s stock after buying an additional 72,511 shares during the period. Acadian Asset Management LLC owned 1.15% of PLAYSTUDIOS worth $1,816,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of MYPS. Ameriprise Financial Inc. boosted its holdings in shares of PLAYSTUDIOS by 18.3% during the 4th quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company’s stock worth $4,430,000 after buying an additional 368,879 shares during the period. Mackenzie Financial Corp boosted its holdings in shares of PLAYSTUDIOS by 118.5% during the 1st quarter. Mackenzie Financial Corp now owns 575,737 shares of the company’s stock worth $731,000 after buying an additional 312,286 shares during the period. Nuveen LLC bought a new stake in shares of PLAYSTUDIOS during the 1st quarter worth $277,000. Jane Street Group LLC bought a new stake in shares of PLAYSTUDIOS during the 1st quarter worth $203,000. Finally, NewEdge Advisors LLC boosted its holdings in PLAYSTUDIOS by 5,260.6% in the 1st quarter. NewEdge Advisors LLC now owns 134,015 shares of the company’s stock valued at $170,000 after purchasing an additional 131,515 shares during the period. 37.52% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Craig Hallum raised shares of PLAYSTUDIOS from a “hold” rating to a “buy” rating and increased their price target for the company from $2.00 to $3.00 in a report on Friday, May 23rd. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.50.

PLAYSTUDIOS Stock Performance

NASDAQ:MYPS opened at $0.96 on Wednesday. The company has a 50-day moving average of $1.07 and a 200-day moving average of $1.26. The company has a market capitalization of $120.10 million, a price-to-earnings ratio of -3.99 and a beta of 0.88. PLAYSTUDIOS, Inc. has a 52 week low of $0.90 and a 52 week high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The business had revenue of $59.34 million for the quarter, compared to the consensus estimate 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. Sell-side analysts forecast that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.

Insider Transactions at PLAYSTUDIOS

In other news, General Counsel Joel Agena sold 20,490 shares of the firm’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of $1.33, for a total transaction of $27,251.70. Following the completion of the transaction, the general counsel directly owned 95,301 shares of the company’s stock, valued at approximately $126,750.33. This trade represents a 17.70% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Scott Edward Peterson sold 25,000 shares of the firm’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $1.24, for a total transaction of $31,000.00. Following the transaction, the chief financial officer directly owned 601,421 shares of the company’s stock, valued at $745,762.04. The trade was a 3.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 183,449 shares of company stock valued at $234,181 over the last ninety days. 14.67% of the stock is owned by insiders.

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.