Allspring Global Investments Holdings LLC Takes Position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

Allspring Global Investments Holdings LLC purchased a new position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS – Get Rating) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 197,850 shares of the company’s stock, valued at approximately $690,000.

A number of other large investors have also bought and sold shares of MYPS. Teacher Retirement System of Texas bought a new stake in shares of PLAYSTUDIOS during the second quarter valued at approximately $53,000. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in PLAYSTUDIOS during the second quarter valued at approximately $66,000. SG Americas Securities LLC purchased a new stake in shares of PLAYSTUDIOS in the second quarter worth approximately $87,000. Arizona State Retirement System purchased a new position in PLAYSTUDIOS during the 2nd quarter worth $96,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new stake in PLAYSTUDIOS during the 2nd quarter valued at $97,000. 23.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

PLAYSTUDIOS Trading Up 2.3 %

NASDAQ:MYPS opened at $4.44 on Monday. The firm’s fifty day simple moving average is $3.99 and its 200 day simple moving average is $3.92. PLAYSTUDIOS, Inc. has a twelve month low of $3.24 and a twelve month high of $6.60. The firm has a market capitalization of $576.69 million, a price-to-earnings ratio of -31.71, a PEG ratio of 14.77 and a beta of 0.10.

PLAYSTUDIOS (NASDAQ:MYPS – Get Rating) last released its quarterly earnings results on Tuesday, November 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). PLAYSTUDIOS had a negative net margin of 5.47% and a negative return on equity of 3.10%. The business had revenue of $72.13 million for the quarter, compared to analyst estimates of $67.53 million. On average, analysts predict that PLAYSTUDIOS, Inc. will post -0.08 earnings per share 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.