Williams & Novak LLC Acquires 9,600 Shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Williams & Novak LLC raised its holdings in shares of PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 26.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,300 shares of the company’s stock after purchasing an additional 9,600 shares during the period. Williams & Novak LLC’s holdings in PLAYSTUDIOS were worth $84,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Virtu Financial LLC bought a new position in PLAYSTUDIOS during the 3rd quarter valued at approximately $32,000. SG Americas Securities LLC grew its stake in shares of PLAYSTUDIOS by 82.4% in the third quarter. SG Americas Securities LLC now owns 30,649 shares of the company’s stock worth $46,000 after acquiring an additional 13,846 shares during the last quarter. AQR Capital Management LLC bought a new position in shares of PLAYSTUDIOS during the second quarter valued at $68,000. XTX Topco Ltd bought a new position in shares of PLAYSTUDIOS during the second quarter valued at $89,000. Finally, Sei Investments Co. raised its position 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 purchasing an additional 11,057 shares during the last quarter. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $1.74, for a total value of $43,500.00. Following the transaction, the chief financial officer now owns 558,998 shares of the company’s stock, valued at approximately $972,656.52. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 14.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MYPS. Stifel Nicolaus cut their price objective on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Friday, October 18th. Macquarie downgraded shares of PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $3.63.

PLAYSTUDIOS Stock Performance

Shares of NASDAQ:MYPS opened at $1.89 on Wednesday. The business has a 50-day simple moving average of $1.91 and a two-hundred day simple moving average of $1.73. PLAYSTUDIOS, Inc. has a fifty-two week low of $1.20 and a fifty-two week high of $3.04. The firm has a market cap of $235.65 million, a price-to-earnings ratio of -9.95, a price-to-earnings-growth ratio of 2.70 and a beta of 0.81.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings data on Monday, November 4th. The company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.01. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%. The company had revenue of $71.23 million for the quarter, compared to the consensus estimate of $69.62 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. As a group, research analysts predict that PLAYSTUDIOS, Inc. will post -0.16 earnings per share for the current 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.