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

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) have been assigned an average rating of “Hold” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One 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 issued ratings on the stock in the last year is $3.20.

A number of brokerages recently commented on MYPS. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th. Macquarie reduced 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. Finally, Benchmark reaffirmed a “hold” rating on shares of PLAYSTUDIOS in a research note on Tuesday, March 11th.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ MYPS opened at $1.30 on Friday. PLAYSTUDIOS has a 52 week low of $1.14 and a 52 week high of $3.04. The stock has a market capitalization of $162.09 million, a P/E ratio of -6.84, a PEG ratio of 17.60 and a beta of 0.81. The stock’s fifty day moving average is $1.66 and its 200 day moving average is $1.68.

Institutional Trading of PLAYSTUDIOS

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

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.