PLAYSTUDIOS (NASDAQ:MYPS) Posts Earnings Results, Beats Estimates By $0.08 EPS

PLAYSTUDIOS (NASDAQ:MYPS) announced its quarterly earnings data on Monday. The company reported ($0.05) EPS for the quarter, beating the consensus estimate of ($0.13) by $0.08, Zacks reports. PLAYSTUDIOS had a negative net margin of 8.75% and a negative return on equity of 9.15%.

PLAYSTUDIOS Stock Down 3.8 %

Shares of MYPS traded down $0.06 during mid-day trading on Monday, reaching $1.50. 376,539 shares of the company’s stock were exchanged, compared to its average volume of 233,412. PLAYSTUDIOS has a 52-week low of $1.20 and a 52-week high of $3.04. The company has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $1.69. The company has a market cap of $187.03 million, a price-to-earnings ratio of -7.89, a PEG ratio of 17.60 and a beta of 0.81.

Analyst Ratings Changes

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

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.