PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Given Average Recommendation of “Hold” by Brokerages

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been given an average recommendation of “Hold” by the six ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $3.20.

A number of equities research analysts have recently issued reports on MYPS shares. Macquarie dropped their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Benchmark reiterated a “hold” rating on shares of PLAYSTUDIOS in a research note on Tuesday, March 11th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ MYPS opened at $1.28 on Friday. The stock has a 50 day moving average price of $1.64 and a 200 day moving average price of $1.67. The stock has a market capitalization of $159.60 million, a PE ratio of -6.74, a price-to-earnings-growth ratio of 17.60 and a beta of 0.81. PLAYSTUDIOS has a 52 week low of $1.14 and a 52 week high of $3.04.

Hedge Funds Weigh In On PLAYSTUDIOS

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MYPS. Proficio Capital Partners LLC acquired a new stake in shares of PLAYSTUDIOS during the 4th quarter worth about $26,000. Tower Research Capital LLC TRC raised its holdings in PLAYSTUDIOS by 248.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 15,760 shares of the company’s stock valued at $29,000 after acquiring an additional 11,237 shares during the period. O Shaughnessy Asset Management LLC acquired a new stake in PLAYSTUDIOS during the fourth quarter worth approximately $33,000. XTX Topco Ltd bought a new stake in shares of PLAYSTUDIOS during the fourth quarter worth approximately $34,000. Finally, Virtu Financial LLC acquired a new position in shares of PLAYSTUDIOS in the third quarter valued at approximately $32,000. 37.52% of the stock is owned by 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.