PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Given Average Rating of “Hold” by Analysts

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been assigned a consensus recommendation of “Hold” from the five analysts that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $2.00.

A number of brokerages have issued reports on MYPS. Weiss Ratings reissued a “sell (e+)” rating on shares of PLAYSTUDIOS in a report on Monday, December 29th. Wall Street Zen lowered PLAYSTUDIOS from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Zacks Research raised PLAYSTUDIOS from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 10th. Finally, Benchmark reduced their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a “speculative buy” rating for the company in a report on Tuesday, November 4th.

PLAYSTUDIOS Stock Up 7.1%

MYPS opened at $0.47 on Monday. The firm has a 50-day moving average price of $0.62 and a 200-day moving average price of $0.80. PLAYSTUDIOS has a twelve month low of $0.43 and a twelve month high of $1.90. The company has a market capitalization of $58.85 million, a price-to-earnings ratio of -1.61 and a beta of 0.92.

Institutional Trading of PLAYSTUDIOS

Several institutional investors and hedge funds have recently bought and sold shares of the company. Williams & Novak LLC boosted its holdings in PLAYSTUDIOS by 27.2% in the 4th quarter. Williams & Novak LLC now owns 104,900 shares of the company’s stock valued at $68,000 after purchasing an additional 22,450 shares during the period. Los Angeles Capital Management LLC raised its position in shares of PLAYSTUDIOS by 16.5% in the second quarter. Los Angeles Capital Management LLC now owns 174,479 shares of the company’s stock worth $229,000 after buying an additional 24,715 shares in the last quarter. Orion Porfolio Solutions LLC bought a new stake in PLAYSTUDIOS during the third quarter valued at $30,000. Wells Fargo & Company MN grew its position in PLAYSTUDIOS by 46.2% during the fourth quarter. Wells Fargo & Company MN now owns 100,224 shares of the company’s stock worth $65,000 after buying an additional 31,685 shares in the last quarter. Finally, Quadrature Capital Ltd bought a new position in PLAYSTUDIOS in the 2nd quarter worth about $49,000. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

About PLAYSTUDIOS

PLAYSTUDIOS, traded on NASDAQ as MYPS, is a digital entertainment company that develops free-to-play mobile and social casino games. Its flagship titles include POP! Slots, myVEGAS Slots and my KONAMI Slots, which combine classic casino mechanics with branded content and a proprietary loyalty program. Through the MyPLAY system, players earn virtual currency and loyalty points redeemable for real-world rewards, including hotel stays, dining and entertainment vouchers at partner venues.

Founded in 2011 and headquartered in Las Vegas, Nevada, PLAYSTUDIOS was co-founded by industry veteran Andrew Pascal, who serves as its Chief Executive Officer.