PLAYSTUDIOS (NASDAQ:MYPS) Posts Earnings Results

PLAYSTUDIOS (NASDAQ:MYPS) issued its quarterly earnings data on Monday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01, Zacks reports. The firm had revenue of $72.59 million during the quarter, compared to analysts’ expectations of $73.49 million. PLAYSTUDIOS had a negative net margin of 5.64% and a negative return on equity of 6.73%. During the same period last year, the company earned ($0.02) earnings per share.

PLAYSTUDIOS Price Performance

Shares of NASDAQ MYPS traded down $0.18 during trading on Wednesday, reaching $1.53. 339,768 shares of the stock traded hands, compared to its average volume of 282,236. The stock has a market capitalization of $206.25 million, a P/E ratio of -11.77, a price-to-earnings-growth ratio of 7.07 and a beta of 0.63. PLAYSTUDIOS has a 52-week low of $1.53 and a 52-week high of $4.01. The company has a 50-day moving average of $2.13 and a 200-day moving average of $2.28.

Analysts Set New Price Targets

Several equities analysts recently weighed in on MYPS shares. Northland Securities dropped their price target on shares of PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a research report on Tuesday. Benchmark lowered PLAYSTUDIOS from a “buy” rating to a “hold” rating in a report on Tuesday. Finally, Craig Hallum downgraded PLAYSTUDIOS from a “buy” rating to a “hold” rating and decreased their price target for the stock from $4.00 to $2.00 in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $3.75.

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.