PLAYSTUDIOS (NASDAQ:MYPS) CFO Scott Edward Peterson Sells 30,000 Shares of Stock

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) CFO Scott Edward Peterson sold 30,000 shares of the stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $0.79, for a total transaction of $23,700.00. Following the completion of the transaction, the chief financial officer owned 521,421 shares in the company, valued at $411,922.59. This trade represents a 5.44% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• 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 Trading Up 0.5%

Shares of MYPS stock opened at $0.80 on Tuesday. PLAYSTUDIOS, Inc. has a 12 month low of $0.74 and a 12 month high of $2.29. The stock has a market cap of $100.75 million, a P/E ratio of -2.77 and a beta of 0.87. The company has a 50 day simple moving average of $0.94 and a two-hundred day simple moving average of $1.16.

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

Wall Street Analysts Forecast Growth

MYPS has been the topic of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of PLAYSTUDIOS in a research report on Wednesday, November 5th. Zacks Research downgraded PLAYSTUDIOS from a “hold” rating to a “strong sell” rating in a research note on Thursday, November 6th. Finally, Benchmark cut their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a “speculative buy” rating for the company in a research note on Tuesday, November 4th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $2.00.

Institutional Investors Weigh In On PLAYSTUDIOS

A number of institutional investors have recently bought and sold shares of the business. Balyasny Asset Management L.P. bought a new position in PLAYSTUDIOS in the 2nd quarter worth approximately $1,287,000. Ameriprise Financial Inc. lifted its holdings in shares of PLAYSTUDIOS by 35.2% in the second quarter. Ameriprise Financial Inc. now owns 3,342,348 shares of the company’s stock worth $4,378,000 after buying an additional 870,521 shares in the last quarter. Mackenzie Financial Corp lifted 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 buying an additional 312,286 shares in the last quarter. Jane Street Group LLC boosted its position in shares of PLAYSTUDIOS by 146.5% during the second quarter. Jane Street Group LLC now owns 394,720 shares of the company’s stock worth $517,000 after acquiring an additional 234,602 shares during the last quarter. Finally, Nuveen LLC purchased a new position in PLAYSTUDIOS during the first quarter valued at $277,000. 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 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.