Analysts Set PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Target Price at $3.63

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) have been assigned a consensus rating of “Hold” from the six brokerages that are covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $3.63.

A number of analysts have recently issued reports on MYPS shares. Macquarie lowered shares of PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of PLAYSTUDIOS in a research report on Wednesday, December 18th.

PLAYSTUDIOS Price Performance

Shares of NASDAQ:MYPS opened at $1.76 on Tuesday. The business has a 50 day simple moving average of $1.84 and a two-hundred day simple moving average of $1.69. The firm has a market capitalization of $219.44 million, a PE ratio of -9.26, a price-to-earnings-growth ratio of 17.90 and a beta of 0.80. PLAYSTUDIOS has a 1 year low of $1.20 and a 1 year high of $3.04.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. grew its stake in PLAYSTUDIOS by 18.3% in the fourth quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company’s stock valued at $4,430,000 after purchasing an additional 368,879 shares during the last quarter. Geode Capital Management LLC increased its position in PLAYSTUDIOS by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 2,226,873 shares of the company’s stock valued at $4,143,000 after buying an additional 15,853 shares in the last quarter. State Street Corp raised its position in shares of PLAYSTUDIOS by 0.7% in the 3rd quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after purchasing an additional 12,472 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of PLAYSTUDIOS by 932.5% in the third quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock worth $1,995,000 after buying an additional 1,193,071 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in shares of PLAYSTUDIOS by 6.1% during the fourth quarter. Northern Trust Corp now owns 786,880 shares of the company’s stock valued at $1,464,000 after buying an additional 44,983 shares during the last quarter. 37.52% of the stock is owned by institutional investors.

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.