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

PLAYSTUDIOS (NASDAQ:MYPS)‘s stock had its “hold” rating restated by equities research analysts at Benchmark in a note issued to investors on Tuesday,Benzinga reports.

A number of other research firms have also issued reports on MYPS. JPMorgan Chase & Co. reaffirmed an “underweight” rating on shares of PLAYSTUDIOS in a report on Wednesday, December 18th. Macquarie cut shares of PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. One 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.com, PLAYSTUDIOS has a consensus rating of “Hold” and an average price target of $3.20.

PLAYSTUDIOS Price Performance

Shares of NASDAQ:MYPS opened at $1.20 on Tuesday. PLAYSTUDIOS has a 1 year low of $1.20 and a 1 year high of $3.04. The firm has a market capitalization of $149.62 million, a PE ratio of -6.32, a P/E/G ratio of 17.60 and a beta of 0.81. The business’s 50 day moving average price is $1.72 and its 200-day moving average price is $1.69.

Institutional Investors Weigh In On PLAYSTUDIOS

A number of hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of PLAYSTUDIOS by 18.3% in the 4th quarter. Ameriprise Financial Inc. now owns 2,381,542 shares of the company’s stock valued at $4,430,000 after buying an additional 368,879 shares during the period. Geode Capital Management LLC grew its stake in shares of PLAYSTUDIOS by 0.7% in the 4th quarter. Geode Capital Management LLC now owns 2,226,873 shares of the company’s stock valued at $4,143,000 after buying an additional 15,853 shares during the period. State Street Corp grew its stake in shares of PLAYSTUDIOS by 0.7% in the 3rd quarter. State Street Corp now owns 1,733,679 shares of the company’s stock valued at $2,618,000 after buying an additional 12,472 shares during the period. JPMorgan Chase & Co. grew its stake in shares of PLAYSTUDIOS by 932.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,321,015 shares of the company’s stock valued at $1,995,000 after buying an additional 1,193,071 shares during the period. Finally, Northern Trust Corp grew its stake in shares of PLAYSTUDIOS by 6.1% in the 4th quarter. Northern Trust Corp now owns 786,880 shares of the company’s stock valued at $1,464,000 after buying an additional 44,983 shares during the period. Hedge funds and other 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.