PLAYSTUDIOS (NASDAQ:MYPS) CFO Sells $20,100.00 in Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $0.67, for a total value of $20,100.00. Following the transaction, the chief financial officer directly owned 395,517 shares in the company, valued at $264,996.39. This trade represents a 7.05% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Scott Edward Peterson also recently made the following trade(s):

• On Tuesday, November 11th, Scott Edward Peterson sold 32,952 shares of PLAYSTUDIOS stock. The stock was sold at an average price of $0.74, for a total transaction of $24,384.48.
• On Thursday, November 6th, Scott Edward Peterson sold 30,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $0.79, for a total transaction of $23,700.00.
• On Wednesday, September 10th, Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock. The shares were sold at an average price of $0.95, for a total transaction of $23,750.00.

PLAYSTUDIOS Price Performance

MYPS stock traded down $0.04 during trading on Thursday, reaching $0.58. The company had a trading volume of 490,911 shares, compared to its average volume of 278,320. PLAYSTUDIOS, Inc. has a 52 week low of $0.58 and a 52 week high of $2.29. The business has a 50 day moving average of $0.90 and a 200 day moving average of $1.13.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings results on Monday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). The business had revenue of $57.65 million for the quarter, compared to analysts’ expectations of $58.77 million. PLAYSTUDIOS had a negative net margin of 15.10% and a negative return on equity of 8.71%. PLAYSTUDIOS has set its FY 2025 guidance at EPS. On average, sell-side analysts forecast that PLAYSTUDIOS, Inc. will post -0.17 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of PLAYSTUDIOS in a research note on Monday. Benchmark dropped their target price on PLAYSTUDIOS from $2.00 to $1.50 and set a “speculative buy” rating on the stock in a research report on Tuesday, November 4th. Zacks Research cut shares of PLAYSTUDIOS from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Finally, Wall Street Zen cut PLAYSTUDIOS from a “hold” rating to a “sell” rating in a research report on Saturday, November 15th. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average target price of $2.00.

Institutional Investors Weigh In On PLAYSTUDIOS

Institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in shares of PLAYSTUDIOS by 118.5% in the first quarter. Mackenzie Financial Corp now owns 575,737 shares of the company’s stock worth $731,000 after purchasing an additional 312,286 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of PLAYSTUDIOS by 13.5% in the 2nd quarter. Acadian Asset Management LLC now owns 1,627,459 shares of the company’s stock worth $2,127,000 after purchasing an additional 194,204 shares during the period. Ieq Capital LLC purchased a new position in PLAYSTUDIOS during the first quarter worth $97,000. Strs Ohio purchased a new position in shares of PLAYSTUDIOS during the 1st quarter worth about $209,000. Finally, Nuveen LLC purchased a new position in shares of PLAYSTUDIOS during the first quarter valued at approximately $277,000. 37.52% of the stock is owned by hedge funds and other institutional investors.

PLAYSTUDIOS Company Profile

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.