PLAYSTUDIOS (NASDAQ:MYPS) Given “Sell (E+)” Rating at Weiss Ratings

Weiss Ratings reaffirmed their sell (e+) rating on shares of PLAYSTUDIOS (NASDAQ:MYPS) in a research note released on Tuesday,Weiss Ratings reports.

PLAYSTUDIOS Stock Performance

Shares of MYPS stock opened at $0.96 on Tuesday. The stock’s 50-day simple moving average is $0.98 and its 200-day simple moving average is $1.21. The firm has a market capitalization of $119.75 million, a PE ratio of -3.98 and a beta of 0.88. PLAYSTUDIOS has a fifty-two week low of $0.90 and a fifty-two week high of $2.29.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $61.63 million. PLAYSTUDIOS had a negative net margin of 12.00% and a negative return on equity of 6.07%. PLAYSTUDIOS has set its FY 2025 guidance at EPS. Sell-side analysts forecast that PLAYSTUDIOS will post -0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. increased its holdings in shares of PLAYSTUDIOS by 35.2% in the second quarter. Ameriprise Financial Inc. now owns 3,342,348 shares of the company’s stock valued at $4,378,000 after purchasing an additional 870,521 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of PLAYSTUDIOS by 13.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,627,459 shares of the company’s stock valued at $2,127,000 after buying an additional 194,204 shares during the period. Balyasny Asset Management L.P. acquired a new position in shares of PLAYSTUDIOS in the 2nd quarter valued at about $1,287,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of PLAYSTUDIOS by 1.3% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,424 shares of the company’s stock valued at $919,000 after buying an additional 9,517 shares during the period. Finally, Mackenzie Financial Corp lifted its holdings in shares of PLAYSTUDIOS by 118.5% in the 1st quarter. Mackenzie Financial Corp now owns 575,737 shares of the company’s stock valued at $731,000 after buying an additional 312,286 shares during the period. 37.52% of the stock is owned by institutional investors and hedge funds.

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.