PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives $2.00 Average Price Target from Analysts

by · The Cerbat Gem

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Free Report) have been assigned an average rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $2.00.

Several analysts have recently issued reports on MYPS shares. Zacks Research downgraded PLAYSTUDIOS from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Benchmark reduced their target price on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a “speculative buy” rating on the stock in a report on Tuesday, November 4th. Wall Street Zen cut shares of PLAYSTUDIOS from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of PLAYSTUDIOS in a research report on Monday.

View Our Latest Stock Analysis on MYPS

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYPS. Orion Porfolio Solutions LLC acquired a new stake in PLAYSTUDIOS during the 3rd quarter worth approximately $30,000. Franklin Resources Inc. acquired a new stake in shares of PLAYSTUDIOS in the third quarter worth $46,000. Quadrature Capital Ltd purchased a new position in shares of PLAYSTUDIOS in the 2nd quarter valued at $49,000. Williams & Novak LLC lifted its holdings in shares of PLAYSTUDIOS by 68.7% during the 3rd quarter. Williams & Novak LLC now owns 82,450 shares of the company’s stock valued at $79,000 after acquiring an additional 33,590 shares in the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in shares of PLAYSTUDIOS by 211.0% during the 3rd quarter. GSA Capital Partners LLP now owns 86,999 shares of the company’s stock valued at $84,000 after acquiring an additional 59,028 shares in the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

PLAYSTUDIOS Trading Down 0.1%

Shares of PLAYSTUDIOS stock opened at $0.66 on Friday. The company has a 50-day moving average of $0.73 and a two-hundred day moving average of $0.96. PLAYSTUDIOS has a 12-month low of $0.57 and a 12-month high of $2.00. The stock has a market cap of $82.60 million, a PE ratio of -2.26 and a beta of 0.90.

PLAYSTUDIOS (NASDAQ:MYPS – Get Free Report) last released its quarterly earnings results on Monday, November 3rd. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). PLAYSTUDIOS had a negative return on equity of 8.71% and a negative net margin of 15.10%.The firm had revenue of $57.65 million during the quarter, compared to analyst estimates of $58.77 million. On average, sell-side analysts forecast that PLAYSTUDIOS will post -0.17 EPS for the current fiscal year.

PLAYSTUDIOS Company Profile

(Get Free Report)

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.

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