Barclays PLC Buys 84,058 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Barclays PLC boosted its stake in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 55.9% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 234,332 shares of the company’s stock after purchasing an additional 84,058 shares during the quarter. Barclays PLC owned about 0.19% of PLAYSTUDIOS worth $354,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Williams & Novak LLC boosted its holdings in shares of PLAYSTUDIOS by 25.2% during the 3rd 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 period. Sei Investments Co. lifted its position in PLAYSTUDIOS by 17.2% during the 2nd quarter. Sei Investments Co. now owns 75,478 shares of the company’s stock worth $156,000 after acquiring an additional 11,057 shares during the last quarter. State Street Corp boosted its holdings in PLAYSTUDIOS by 0.7% during the third quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after acquiring an additional 12,472 shares during the period. SG Americas Securities LLC grew its position in shares of PLAYSTUDIOS by 82.4% in the third quarter. SG Americas Securities LLC now owns 30,649 shares of the company’s stock valued at $46,000 after purchasing an additional 13,846 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of PLAYSTUDIOS by 6.0% in the second quarter. Bank of New York Mellon Corp now owns 494,667 shares of the company’s stock worth $1,024,000 after purchasing an additional 27,784 shares during the period. Institutional investors and hedge funds own 37.52% of the company’s stock.

PLAYSTUDIOS Stock Performance

MYPS opened at $1.77 on Monday. PLAYSTUDIOS, Inc. has a 1-year low of $1.20 and a 1-year high of $3.04. The stock has a market capitalization of $220.68 million, a PE ratio of -9.32, a PEG ratio of 2.56 and a beta of 0.81. The firm has a 50-day moving average price of $1.89 and a two-hundred day moving average price of $1.74.

PLAYSTUDIOS (NASDAQ:MYPS) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.03) by $0.01. The firm 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 previous year, the company posted $0.02 EPS. On average, research analysts predict that PLAYSTUDIOS, Inc. will post -0.16 EPS for the current year.

Insider Activity at PLAYSTUDIOS

In other news, CFO Scott Edward Peterson sold 25,000 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $1.74, for a total value of $43,500.00. Following the transaction, the chief financial officer now directly owns 558,998 shares in the company, valued at $972,656.52. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 14.29% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on MYPS. Stifel Nicolaus dropped their price target on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Friday, October 18th. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $3.63.

PLAYSTUDIOS 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.