PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Receives Consensus Rating of “Hold” from Analysts

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) has been given a consensus rating of “Hold” by the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $3.20.

A number of research analysts recently weighed in on MYPS shares. Macquarie dropped their price objective on shares of PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a report on Wednesday. JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. Finally, Benchmark reaffirmed a “hold” rating on shares of PLAYSTUDIOS in a research report on Tuesday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of PLAYSTUDIOS by 932.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock worth $1,995,000 after purchasing an additional 1,193,071 shares during the last quarter. Ameriprise Financial Inc. raised 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 buying an additional 368,879 shares in the last quarter. Mackenzie Financial Corp purchased a new stake in PLAYSTUDIOS during the 4th quarter worth about $490,000. Geode Capital Management LLC lifted its holdings in PLAYSTUDIOS by 10.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,211,020 shares of the company’s stock worth $3,339,000 after buying an additional 215,347 shares during the last quarter. Finally, Los Angeles Capital Management LLC increased its holdings in shares of PLAYSTUDIOS by 157.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 163,764 shares of the company’s stock valued at $247,000 after acquiring an additional 100,166 shares during the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

PLAYSTUDIOS Price Performance

NASDAQ MYPS opened at $1.24 on Friday. The company has a market cap of $154.61 million, a P/E ratio of -6.53, a P/E/G ratio of 17.60 and a beta of 0.81. The stock has a 50-day moving average of $1.69 and a two-hundred day moving average of $1.68. PLAYSTUDIOS has a 1-year low of $1.14 and a 1-year high of $3.04.

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.