Proficio Capital Partners LLC Invests $26,000 in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Proficio Capital Partners LLC bought a new stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 14,039 shares of the company’s stock, valued at approximately $26,000.

A number of other large investors have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of PLAYSTUDIOS during the third quarter worth approximately $32,000. SG Americas Securities LLC boosted its stake in shares of PLAYSTUDIOS by 26.7% in the 4th quarter. SG Americas Securities LLC now owns 38,828 shares of the company’s stock valued at $72,000 after purchasing an additional 8,179 shares in the last quarter. Williams & Novak LLC grew its holdings in shares of PLAYSTUDIOS by 26.9% during the 4th quarter. Williams & Novak LLC now owns 45,300 shares of the company’s stock valued at $84,000 after purchasing an additional 9,600 shares during the last quarter. Barclays PLC raised its position in PLAYSTUDIOS by 55.9% in the 3rd quarter. Barclays PLC now owns 234,332 shares of the company’s stock worth $354,000 after purchasing an additional 84,058 shares during the period. Finally, JPMorgan Chase & Co. raised its position in PLAYSTUDIOS by 932.5% in 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 period. Hedge funds and other institutional investors own 37.52% of the company’s stock.

PLAYSTUDIOS Price Performance

MYPS opened at $1.31 on Friday. PLAYSTUDIOS, Inc. has a one year low of $1.14 and a one year high of $3.04. The business has a 50 day simple moving average of $1.60 and a two-hundred day simple moving average of $1.67. The firm has a market capitalization of $174.84 million, a price-to-earnings ratio of -6.89, a PEG ratio of 17.60 and a beta of 0.81.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Benchmark restated a “hold” rating on shares of PLAYSTUDIOS in a report on Tuesday, March 11th. Macquarie lowered their price objective on PLAYSTUDIOS from $2.00 to $1.50 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $3.20.

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.