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

Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) have earned an average rating of “Reduce” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a sell recommendation, one has issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $2.00.

A number of analysts have recently commented on the company. Zacks Research downgraded PLAYSTUDIOS from a “hold” rating to a “strong sell” rating in a report on Thursday. Benchmark dropped their price target on PLAYSTUDIOS from $2.00 to $1.50 and set a “speculative buy” rating for the company in a research note on Tuesday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of PLAYSTUDIOS in a research note on Wednesday.

PLAYSTUDIOS Price Performance

NASDAQ MYPS opened at $0.80 on Friday. The company has a market cap of $100.26 million, a P/E ratio of -2.76 and a beta of 0.87. PLAYSTUDIOS has a 12 month low of $0.74 and a 12 month high of $2.29. The company has a 50-day moving average of $0.95 and a 200-day moving average of $1.16.

PLAYSTUDIOS (NASDAQ:MYPS) last released its earnings results on Monday, November 3rd. The company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.05). PLAYSTUDIOS had a negative return on equity of 8.66% and a negative net margin of 15.10%.The company had revenue of $57.65 million during the quarter, compared to analyst estimates of $58.77 million. PLAYSTUDIOS has set its FY 2025 guidance at EPS. As a group, equities research analysts anticipate that PLAYSTUDIOS will post -0.17 EPS for the current year.

Institutional Investors Weigh In On PLAYSTUDIOS

Several large investors have recently made changes to their positions in the business. Ameriprise Financial Inc. raised its position in shares of PLAYSTUDIOS by 35.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,342,348 shares of the company’s stock valued at $4,378,000 after purchasing an additional 870,521 shares in the last quarter. Acadian Asset Management LLC increased its stake in shares of PLAYSTUDIOS by 13.5% in the second quarter. Acadian Asset Management LLC now owns 1,627,459 shares of the company’s stock worth $2,127,000 after buying an additional 194,204 shares during the last quarter. Balyasny Asset Management L.P. acquired a new stake in PLAYSTUDIOS in the second quarter valued at $1,287,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in PLAYSTUDIOS by 1.3% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 723,424 shares of the company’s stock valued at $919,000 after acquiring an additional 9,517 shares during the last quarter. Finally, Mackenzie Financial Corp grew its holdings in PLAYSTUDIOS by 118.5% during the 1st quarter. Mackenzie Financial Corp now owns 575,737 shares of the company’s stock worth $731,000 after acquiring an additional 312,286 shares in the last quarter. Institutional investors and hedge funds own 37.52% of the company’s stock.

PLAYSTUDIOS Company 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.