GSA Capital Partners LLP Sells 221,836 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

GSA Capital Partners LLP lowered its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 78.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 59,812 shares of the company’s stock after selling 221,836 shares during the period. GSA Capital Partners LLP’s holdings in PLAYSTUDIOS were worth $90,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the stock. Simplicity Wealth LLC bought a new stake in shares of PLAYSTUDIOS in the second quarter worth about $25,000. SG Americas Securities LLC increased its holdings in shares of PLAYSTUDIOS by 82.4% during the third quarter. SG Americas Securities LLC now owns 30,649 shares of the company’s stock valued at $46,000 after acquiring an additional 13,846 shares in the last quarter. Williams & Novak LLC raised its holdings in PLAYSTUDIOS by 25.2% in the third quarter. Williams & Novak LLC now owns 35,700 shares of the company’s stock worth $54,000 after buying an additional 7,180 shares during the last quarter. AQR Capital Management LLC bought a new position in PLAYSTUDIOS in the 2nd quarter valued at approximately $68,000. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of PLAYSTUDIOS by 22.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 25,116 shares of the company’s stock valued at $70,000 after purchasing an additional 4,546 shares in the last quarter. Hedge funds and other institutional investors own 37.52% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on MYPS. Northland Securities dropped their price objective on shares of PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus decreased their price target on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating on the stock in a research note on Friday, October 18th. Craig Hallum lowered PLAYSTUDIOS from a “buy” rating to a “hold” rating and lowered their price objective for the company from $4.00 to $2.00 in a research note on Tuesday, August 6th. Finally, Benchmark lowered PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research report on Tuesday, August 6th.

Insider Buying and Selling

In related news, CFO Scott Edward Peterson sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.74, for a total transaction of $43,500.00. Following the sale, the chief financial officer now directly owns 558,998 shares in the company, valued at approximately $972,656.52. This represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.29% of the stock is currently owned by company insiders.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ MYPS opened at $1.81 on Tuesday. The firm has a market cap of $225.67 million, a PE ratio of -9.53 and a beta of 0.61. PLAYSTUDIOS, Inc. has a one year low of $1.20 and a one year high of $3.04. The firm has a fifty day moving average of $1.54 and a 200 day moving average of $1.82.

PLAYSTUDIOS (NASDAQ:MYPS) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.03) by $0.01. The company had revenue of $71.23 million during the quarter, compared to analysts’ expectations of $69.62 million. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. During the same quarter in the prior year, the company earned $0.02 EPS. On average, equities analysts predict that PLAYSTUDIOS, Inc. will post -0.16 EPS for the current fiscal year.

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.