Benchmark Reaffirms “Hold” Rating for PLAYSTUDIOS (NASDAQ:MYPS)

PLAYSTUDIOS (NASDAQ:MYPS)‘s stock had its “hold” rating reiterated by analysts at Benchmark in a report released on Tuesday,Benzinga reports.

Other equities research analysts also recently issued research reports about the stock. Macquarie downgraded shares of PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 22nd. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $3.63.

PLAYSTUDIOS Price Performance

MYPS stock traded down $0.09 during trading on Tuesday, hitting $1.41. 39,109 shares of the stock traded hands, compared to its average volume of 232,680. The stock has a market cap of $175.80 million, a price-to-earnings ratio of -7.42, a price-to-earnings-growth ratio of 17.60 and a beta of 0.81. PLAYSTUDIOS has a 1 year low of $1.20 and a 1 year high of $3.04. The firm’s 50 day moving average is $1.75 and its two-hundred day moving average is $1.69.

Institutional Trading of PLAYSTUDIOS

A number of large investors have recently made changes to their positions in MYPS. Mackenzie Financial Corp purchased a new stake in PLAYSTUDIOS in the fourth quarter worth approximately $490,000. Two Sigma Investments LP lifted its holdings in shares of PLAYSTUDIOS by 15.7% during the 4th quarter. Two Sigma Investments LP now owns 186,152 shares of the company’s stock valued at $346,000 after buying an additional 25,224 shares during the period. Two Sigma Advisers LP boosted its stake in shares of PLAYSTUDIOS by 19.5% in the 4th quarter. Two Sigma Advisers LP now owns 222,900 shares of the company’s stock worth $415,000 after buying an additional 36,400 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of PLAYSTUDIOS by 49.1% in the fourth quarter. ProShare Advisors LLC now owns 24,793 shares of the company’s stock worth $46,000 after acquiring an additional 8,159 shares during the period. Finally, Man Group plc increased its position in PLAYSTUDIOS by 28.1% during the fourth quarter. Man Group plc now owns 309,761 shares of the company’s stock valued at $576,000 after acquiring an additional 67,972 shares during the last quarter. 37.52% of the stock is currently owned by institutional investors.

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.