Stoic Point Capital Management LLC Purchases Shares of 862,771 PLAYSTUDIOS, Inc. $MYPS

Stoic Point Capital Management LLC purchased a new position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) in the first quarter, HoldingsChannel.com reports. The firm purchased 862,771 shares of the company’s stock, valued at approximately $405,000.

A number of other large investors have also recently made changes to their positions in MYPS. Franklin Resources Inc. increased its holdings in PLAYSTUDIOS by 138.2% in the 4th quarter. Franklin Resources Inc. now owns 115,028 shares of the company’s stock worth $75,000 after acquiring an additional 66,747 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in PLAYSTUDIOS by 43.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 290,918 shares of the company’s stock worth $190,000 after buying an additional 87,533 shares during the period. Jacobs Levy Equity Management Inc. boosted its stake in shares of PLAYSTUDIOS by 165.5% in the third quarter. Jacobs Levy Equity Management Inc. now owns 347,850 shares of the company’s stock worth $335,000 after acquiring an additional 216,829 shares during the period. Squarepoint Ops LLC grew its position in shares of PLAYSTUDIOS by 459.6% during the third quarter. Squarepoint Ops LLC now owns 152,449 shares of the company’s stock worth $147,000 after purchasing an additional 125,205 shares in the last quarter. Finally, WINTON GROUP Ltd grew its position in shares of PLAYSTUDIOS by 50.3% during the third quarter. WINTON GROUP Ltd now owns 206,700 shares of the company’s stock worth $199,000 after purchasing an additional 69,200 shares in the last quarter. 37.52% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Wall Street Zen raised PLAYSTUDIOS from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Weiss Ratings restated a “sell (e+)” rating on shares of PLAYSTUDIOS in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, PLAYSTUDIOS currently has an average rating of “Hold” and an average price target of $1.25.

PLAYSTUDIOS Stock Down 1.9%

PLAYSTUDIOS stock opened at $0.60 on Wednesday. The company’s 50-day moving average price is $0.59 and its 200-day moving average price is $0.53. PLAYSTUDIOS, Inc. has a twelve month low of $0.40 and a twelve month high of $1.25. The company has a market cap of $76.69 million, a PE ratio of -2.13 and a beta of 0.96.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its earnings results on Monday, May 11th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.03). PLAYSTUDIOS had a negative net margin of 15.79% and a negative return on equity of 14.38%. The business had revenue of $58.41 million for the quarter, compared to analysts’ expectations of $52.69 million.

PLAYSTUDIOS Company Profile

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.