Jane Street Group LLC Sells 38,272 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Jane Street Group LLC decreased its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 44.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 48,724 shares of the company’s stock after selling 38,272 shares during the period. Jane Street Group LLC’s holdings in PLAYSTUDIOS were worth $74,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in MYPS. SG Americas Securities LLC lifted its stake in PLAYSTUDIOS by 82.4% during the third quarter. SG Americas Securities LLC now owns 30,649 shares of the company’s stock worth $46,000 after purchasing an additional 13,846 shares during the last quarter. Williams & Novak LLC raised its position in shares of PLAYSTUDIOS by 25.2% in the 3rd quarter. Williams & Novak LLC now owns 35,700 shares of the company’s stock worth $54,000 after acquiring an additional 7,180 shares in the last quarter. AQR Capital Management LLC bought a new position in shares of PLAYSTUDIOS in the 2nd quarter worth approximately $68,000. XTX Topco Ltd bought a new position in shares of PLAYSTUDIOS in the 2nd quarter worth approximately $89,000. Finally, Sei Investments Co. grew its stake in shares of PLAYSTUDIOS by 17.2% in the 2nd quarter. Sei Investments Co. now owns 75,478 shares of the company’s stock worth $156,000 after buying an additional 11,057 shares during the last quarter. Institutional investors own 37.52% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at PLAYSTUDIOS

In other news, CFO Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS 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 completion of the sale, the chief financial officer now owns 558,998 shares of the company’s stock, valued at approximately $972,656.52. The trade was a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 14.29% of the company’s stock.

PLAYSTUDIOS Stock Up 4.0 %

NASDAQ:MYPS opened at $1.80 on Thursday. The stock has a market cap of $224.43 million, a PE ratio of -9.47 and a beta of 0.81. The business’s 50-day simple moving average is $1.88 and its two-hundred day simple moving average is $1.75. PLAYSTUDIOS, Inc. has a 52 week low of $1.20 and a 52 week high of $3.04.

PLAYSTUDIOS (NASDAQ:MYPS) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. PLAYSTUDIOS had a negative return on equity of 9.15% and a negative net margin of 8.75%. The company had revenue of $71.23 million during the quarter, compared to analyst estimates of $69.62 million. During the same quarter last year, the business posted $0.02 earnings per share. Sell-side analysts anticipate that PLAYSTUDIOS, Inc. will post -0.16 earnings per share 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.