PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives Consensus Recommendation of “Hold” from Brokerages

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been assigned a consensus recommendation of “Hold” from the six analysts that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.63.

MYPS has been the topic of several analyst reports. Macquarie downgraded shares of PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th.

Institutional Trading of PLAYSTUDIOS

Several large investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in PLAYSTUDIOS by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company’s stock worth $4,430,000 after purchasing an additional 368,879 shares in the last quarter. Geode Capital Management LLC raised its stake in PLAYSTUDIOS by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,226,873 shares of the company’s stock worth $4,143,000 after buying an additional 15,853 shares in the last quarter. State Street Corp lifted its holdings in PLAYSTUDIOS by 0.7% in the third quarter. State Street Corp now owns 1,733,679 shares of the company’s stock worth $2,618,000 after buying an additional 12,472 shares during the period. JPMorgan Chase & Co. boosted its position in PLAYSTUDIOS by 932.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock valued at $1,995,000 after acquiring an additional 1,193,071 shares in the last quarter. Finally, Northern Trust Corp boosted its position in PLAYSTUDIOS by 6.1% during the 4th quarter. Northern Trust Corp now owns 786,880 shares of the company’s stock valued at $1,464,000 after acquiring an additional 44,983 shares in the last quarter. Institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Price Performance

Shares of PLAYSTUDIOS stock opened at $1.75 on Tuesday. PLAYSTUDIOS has a one year low of $1.20 and a one year high of $3.04. The business’s 50 day simple moving average is $1.83 and its two-hundred day simple moving average is $1.69. The stock has a market capitalization of $218.19 million, a P/E ratio of -9.21, a price-to-earnings-growth ratio of 17.60 and a beta of 0.80.

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.