PLAYSTUDIOS’s (MYPS) Hold Rating Reaffirmed at Benchmark

Benchmark reiterated their hold rating on shares of PLAYSTUDIOS (NASDAQ:MYPS) in a research note released on Tuesday, MarketBeat reports.

Several other research firms also recently issued reports on MYPS. Weiss Ratings restated a “sell (e+)” rating on shares of PLAYSTUDIOS in a research note on Monday, December 29th. Zacks Research upgraded PLAYSTUDIOS from a “strong sell” rating to a “hold” rating in a research report on Tuesday, February 10th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1.25.

PLAYSTUDIOS Trading Up 4.0%

MYPS stock opened at $0.52 on Tuesday. PLAYSTUDIOS has a twelve month low of $0.43 and a twelve month high of $1.69. The company’s 50 day moving average is $0.55 and its two-hundred day moving average is $0.72. The stock has a market cap of $65.57 million, a P/E ratio of -2.36 and a beta of 0.95.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its earnings results on Monday, March 16th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.05). The company had revenue of $55.40 million during the quarter, compared to analyst estimates of $56.23 million. PLAYSTUDIOS had a negative net margin of 12.18% and a negative return on equity of 10.58%. On average, equities research analysts predict that PLAYSTUDIOS will post -0.17 earnings per share for the current year.

Institutional Trading of PLAYSTUDIOS

Several institutional investors and hedge funds have recently bought and sold shares of MYPS. Mackenzie Financial Corp grew its position in PLAYSTUDIOS by 4.5% during the 4th quarter. Mackenzie Financial Corp now owns 863,536 shares of the company’s stock worth $565,000 after purchasing an additional 36,905 shares during the last quarter. Verdad Advisers LP purchased a new stake in shares of PLAYSTUDIOS in the fourth quarter valued at about $48,000. Almitas Capital LLC raised its holdings in shares of PLAYSTUDIOS by 334.5% in the fourth quarter. Almitas Capital LLC now owns 4,047,346 shares of the company’s stock valued at $2,637,000 after buying an additional 3,115,758 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of 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 during the period. Finally, Renaissance Technologies LLC boosted its stake in shares of PLAYSTUDIOS by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 596,170 shares of the company’s stock worth $388,000 after buying an additional 40,200 shares during the period. Hedge funds and other institutional investors own 37.52% of the company’s stock.

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.