PLAYSTUDIOS (NASDAQ:MYPS – Get Rating) had its target price cut by Morgan Stanley from $4.70 to $4.50 in a research report sent to investors on Wednesday, Benzinga reports. They currently have an equal weight rating on the stock.
PLAYSTUDIOS Stock Up 2.3 %
Shares of MYPS opened at $4.44 on Wednesday. PLAYSTUDIOS has a fifty-two week low of $3.24 and a fifty-two week high of $6.60. The company's fifty day moving average is $3.99 and its two-hundred day moving average is $3.92. The firm has a market cap of $576.69 million, a PE ratio of -31.71, a price-to-earnings-growth ratio of 14.11 and a beta of 0.10.
Get PLAYSTUDIOS alerts:PLAYSTUDIOS (NASDAQ:MYPS – Get Rating) last issued its earnings results on Tuesday, November 8th. The company reported ($0.01) earnings per share for the quarter, meeting analysts' consensus estimates of ($0.01). The firm had revenue of $72.13 million for the quarter, compared to analysts' expectations of $67.53 million. PLAYSTUDIOS had a negative return on equity of 3.10% and a negative net margin of 5.47%. As a group, equities research analysts anticipate that PLAYSTUDIOS will post -0.07 earnings per share for the current year.
Institutional Trading of PLAYSTUDIOS
A number of institutional investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas purchased a new stake in PLAYSTUDIOS during the 2nd quarter worth $53,000. Price T Rowe Associates Inc. MD purchased a new stake in shares of PLAYSTUDIOS during the third quarter worth about $44,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in shares of PLAYSTUDIOS in the second quarter worth about $66,000. Royce & Associates LP purchased a new position in PLAYSTUDIOS in the third quarter valued at about $56,000. Finally, Jane Street Group LLC acquired a new stake in PLAYSTUDIOS during the 3rd quarter valued at approximately $57,000. 23.07% of the stock is owned by hedge funds and other institutional investors.About PLAYSTUDIOS
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PLAYSTUDIOS, Inc develops and publishes free-to-play casual games for mobile and social platforms in the United States, North America, and internationally. The company is headquartered in Las Vegas, Nevada.
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