Q3 2024 EPS Estimates for PLAYSTUDIOS, Inc. (NASDAQ:MYPS) Lowered by Northland Capmk

PLAYSTUDIOS, Inc. (NASDAQ:MYPS) – Equities researchers at Northland Capmk dropped their Q3 2024 earnings estimates for shares of PLAYSTUDIOS in a note issued to investors on Tuesday, August 6th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings of ($0.05) per share for the quarter, down from their prior estimate of ($0.02). The consensus estimate for PLAYSTUDIOS’s current full-year earnings is $0.01 per share. Northland Capmk also issued estimates for PLAYSTUDIOS’s Q4 2024 earnings at ($0.04) EPS and FY2024 earnings at ($0.12) EPS.

Several other equities research analysts also recently issued reports on MYPS. Northland Securities dropped their target price on 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 shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and lowered their price target for the stock from $4.00 to $2.00 in a report on Tuesday. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $3.75.

PLAYSTUDIOS Trading Down 2.5 %

Shares of MYPS stock traded down $0.04 during trading on Thursday, reaching $1.54. 229,640 shares of the company’s stock traded hands, compared to its average volume of 281,312. The firm’s 50-day moving average is $2.09 and its 200 day moving average is $2.27. The company has a market capitalization of $207.60 million, a P/E ratio of -11.85, a PEG ratio of 7.07 and a beta of 0.63. PLAYSTUDIOS has a 1 year low of $1.50 and a 1 year high of $3.98.

PLAYSTUDIOS (NASDAQ:MYPS) last posted its quarterly earnings data on Monday, August 5th. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.03) by $0.01. The business had revenue of $72.59 million for the quarter, compared to the consensus estimate of $73.49 million. PLAYSTUDIOS had a negative return on equity of 6.73% and a negative net margin of 5.64%. During the same quarter in the prior year, the business earned ($0.02) earnings per share.

Hedge Funds Weigh In On PLAYSTUDIOS

A number of institutional investors have recently made changes to their positions in the stock. Simplicity Wealth LLC purchased a new position in PLAYSTUDIOS in the second quarter worth $25,000. Victory Capital Management Inc. purchased a new stake in PLAYSTUDIOS in the fourth quarter worth about $31,000. Quadrature Capital Ltd bought a new position in shares of PLAYSTUDIOS during the fourth quarter valued at approximately $55,000. Williams & Novak LLC purchased a new position in shares of PLAYSTUDIOS during the second quarter valued at approximately $59,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of PLAYSTUDIOS during the fourth quarter valued at approximately $67,000. Institutional investors 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.