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:MYPS – Get 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:MYPS – Get 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

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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.