Strs Ohio Purchases New Position in PLAYSTUDIOS, Inc. $MYPS

Strs Ohio purchased a new stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 164,700 shares of the company’s stock, valued at approximately $209,000. Strs Ohio owned about 0.13% of PLAYSTUDIOS at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the business. ProShare Advisors LLC lifted its stake 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 during the last quarter. Ieq Capital LLC bought a new stake in PLAYSTUDIOS in the first quarter worth about $97,000. BNP Paribas Financial Markets bought a new stake in PLAYSTUDIOS in the fourth quarter worth about $153,000. NewEdge Advisors LLC lifted its stake in PLAYSTUDIOS by 5,260.6% in the first quarter. NewEdge Advisors LLC now owns 134,015 shares of the company’s stock worth $170,000 after purchasing an additional 131,515 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in PLAYSTUDIOS in the first quarter worth about $203,000. Institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Price Performance

Shares of NASDAQ MYPS opened at $0.98 on Thursday. The company has a market cap of $122.38 million, a P/E ratio of -4.07 and a beta of 0.88. The firm has a 50-day simple moving average of $1.04 and a two-hundred day simple moving average of $1.24. PLAYSTUDIOS, Inc. has a 1 year low of $0.90 and a 1 year high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its earnings results on Monday, August 4th. The company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). The company 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. As a group, equities research analysts expect that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.

Insider Activity at PLAYSTUDIOS

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief financial officer directly owned 601,421 shares in the company, valued at $745,762.04. This trade represents a 3.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Joel Agena sold 20,000 shares of the business’s stock in a transaction on Monday, July 7th. The shares were sold at an average price of $1.27, for a total transaction of $25,400.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 121,979 shares of company stock valued at $148,533. 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.