PLAYSTUDIOS (NASDAQ:MYPS) Upgraded at Wall Street Zen

PLAYSTUDIOS (NASDAQ:MYPS) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a research note issued on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings upgraded shares of PLAYSTUDIOS from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, October 8th. 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $12.50.

PLAYSTUDIOS Stock Performance

PLAYSTUDIOS stock opened at $3.96 on Friday. The firm has a 50 day moving average price of $4.88 and a two-hundred day moving average price of $5.25. PLAYSTUDIOS has a 52-week low of $3.83 and a 52-week high of $9.90. The firm has a market cap of $47.56 million, a price-to-earnings ratio of -1.10 and a beta of 0.96.

PLAYSTUDIOS (NASDAQ:MYPS) last posted its quarterly earnings data on Tuesday, August 11th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.37) by $0.27. The firm had revenue of $54.99 million during the quarter, compared to analyst estimates of $57.05 million. PLAYSTUDIOS had a negative return on equity of 19.61% and a negative net margin of 20.65%.

Institutional Investors Weigh In On PLAYSTUDIOS

An institutional investor recently bought a new position in PLAYSTUDIOS stock. Marquette Asset Management LLC purchased a new stake in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 406,344 shares of the company’s stock, valued at approximately $203,000. Marquette Asset Management LLC owned approximately 0.32% of PLAYSTUDIOS at the end of the most recent reporting period. Hedge funds and other institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Company Profile

PLAYSTUDIOS, Inc develops and publishes free-to-play social casino and casual mobile games. Its portfolio includes myVEGAS Slots, myKONAMI Slots, POP! Slots and other titles that allow players to use virtual currency and participate in casino-themed entertainment without wagering real money.

The company’s games are connected to its playAWARDS loyalty platform, which allows players to earn points through gameplay and redeem them for real-world rewards. These rewards have included hotel stays, dining, entertainment and other experiences offered through participating hospitality, travel and leisure partners.

PLAYSTUDIOS was founded in 2011 and is headquartered in Las Vegas, Nevada.