PLAYSTUDIOS (NASDAQ:MYPS) Announces Earnings Results

PLAYSTUDIOS (NASDAQ:MYPS) issued its earnings results on Monday. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.05), Zacks reports. The business had revenue of $57.65 million for the quarter, compared to analyst estimates of $58.77 million. PLAYSTUDIOS had a negative return on equity of 6.07% and a negative net margin of 12.00%. PLAYSTUDIOS updated its FY 2025 guidance to EPS.

PLAYSTUDIOS Price Performance

PLAYSTUDIOS stock opened at $0.91 on Tuesday. The business has a 50 day moving average of $0.96 and a 200-day moving average of $1.17. PLAYSTUDIOS has a 1 year low of $0.89 and a 1 year high of $2.29. The company has a market capitalization of $114.38 million, a P/E ratio of -3.80 and a beta of 0.87.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of PLAYSTUDIOS in a research report on Tuesday, October 14th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, PLAYSTUDIOS currently has a consensus rating of “Hold” and an average target price of $2.17.

Institutional Investors Weigh In On PLAYSTUDIOS

Institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC raised its stake in shares of PLAYSTUDIOS by 29.2% during the second quarter. Bridgeway Capital Management LLC now owns 396,400 shares of the company’s stock valued at $519,000 after acquiring an additional 89,700 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in PLAYSTUDIOS by 5,260.6% during the 1st quarter. NewEdge Advisors LLC now owns 134,015 shares of the company’s stock worth $170,000 after buying an additional 131,515 shares during the period. Jane Street Group LLC bought a new stake in shares of PLAYSTUDIOS in the 1st quarter valued at about $203,000. JPMorgan Chase & Co. grew its position in shares of PLAYSTUDIOS by 75.8% in the 2nd quarter. JPMorgan Chase & Co. now owns 420,165 shares of the company’s stock valued at $550,000 after buying an additional 181,210 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake 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 buying an additional 870,521 shares during the period. 37.52% of the stock is owned by institutional investors.

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.