Allspring Global Investments Holdings LLC Purchases Shares of 197,850 PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Allspring Global Investments Holdings LLC purchased a new stake in PLAYSTUDIOS, Inc. (NASDAQ:MYPSGet Rating) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 197,850 shares of the company’s stock, valued at approximately $690,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of PLAYSTUDIOS by 226.9% during the first quarter. Vanguard Group Inc. now owns 3,470,102 shares of the company’s stock valued at $16,830,000 after acquiring an additional 2,408,631 shares in the last quarter. Clearbridge Investments LLC increased its holdings in shares of PLAYSTUDIOS by 12.1% during the second quarter. Clearbridge Investments LLC now owns 1,696,845 shares of the company’s stock valued at $7,262,000 after acquiring an additional 182,732 shares in the last quarter. State Street Corp increased its holdings in shares of PLAYSTUDIOS by 425.6% during the second quarter. State Street Corp now owns 1,395,250 shares of the company’s stock valued at $5,972,000 after acquiring an additional 1,129,789 shares in the last quarter. Northern Trust Corp increased its holdings in shares of PLAYSTUDIOS by 409.5% during the second quarter. Northern Trust Corp now owns 692,009 shares of the company’s stock valued at $2,962,000 after acquiring an additional 556,197 shares in the last quarter. Finally, Glynn Capital Management LLC increased its holdings in shares of PLAYSTUDIOS by 1,900.0% during the second quarter. Glynn Capital Management LLC now owns 680,410 shares of the company’s stock valued at $2,912,000 after acquiring an additional 646,390 shares in the last quarter. 23.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their price objective on PLAYSTUDIOS from $4.70 to $4.50 and set an “equal weight” rating for the company in a report on Wednesday, January 18th.

PLAYSTUDIOS Trading Up 2.3 %

Shares of PLAYSTUDIOS stock opened at $4.44 on Monday. The stock has a fifty day simple moving average of $3.99 and a 200 day simple moving average of $3.92. PLAYSTUDIOS, Inc. has a 12-month low of $3.24 and a 12-month high of $6.60. The company has a market capitalization of $576.69 million, a P/E ratio of -31.71, a price-to-earnings-growth ratio of 14.77 and a beta of 0.10.

PLAYSTUDIOS (NASDAQ:MYPSGet Rating) last announced its quarterly earnings results on Tuesday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.01). PLAYSTUDIOS had a negative return on equity of 3.10% and a negative net margin of 5.47%. The business had revenue of $72.13 million during the quarter, compared to the consensus estimate of $67.53 million. On average, analysts predict that PLAYSTUDIOS, Inc. will post -0.08 EPS for the current year.

About PLAYSTUDIOS

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding MYPS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PLAYSTUDIOS, Inc. (NASDAQ:MYPSGet Rating).

Institutional Ownership by Quarter for PLAYSTUDIOS (NASDAQ:MYPS)

Receive News & Ratings for PLAYSTUDIOS Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PLAYSTUDIOS and related companies with MarketBeat.com's FREE daily email newsletter.