SG Americas Securities LLC Raises Holdings in PLAYSTUDIOS, Inc. (NASDAQ:MYPS)

SG Americas Securities LLC grew its position in PLAYSTUDIOS, Inc. (NASDAQ:MYPS) by 26.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,828 shares of the company’s stock after buying an additional 8,179 shares during the quarter. SG Americas Securities LLC’s holdings in PLAYSTUDIOS were worth $72,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the company. State Street Corp lifted its holdings 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 worth $2,618,000 after buying an additional 12,472 shares during the period. Virtu Financial LLC purchased a new stake in shares of PLAYSTUDIOS during the 3rd quarter worth $32,000. AQR Capital Management LLC purchased a new stake in shares of PLAYSTUDIOS during the 2nd quarter worth $68,000. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of PLAYSTUDIOS by 5.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 707,626 shares of the company’s stock worth $1,069,000 after purchasing an additional 35,391 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of PLAYSTUDIOS by 55.9% during the 3rd quarter. Barclays PLC now owns 234,332 shares of the company’s stock worth $354,000 after purchasing an additional 84,058 shares during the last quarter. 37.52% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at PLAYSTUDIOS

In related news, CFO Scott Edward Peterson sold 25,000 shares of the company’s stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $1.74, for a total transaction of $43,500.00. Following the transaction, the chief financial officer now directly owns 558,998 shares of the company’s stock, valued at $972,656.52. This represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 14.29% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MYPS. Macquarie cut PLAYSTUDIOS from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 22nd. Stifel Nicolaus decreased their price objective on PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. restated an “underweight” rating on shares of PLAYSTUDIOS in a research note on Wednesday, December 18th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, PLAYSTUDIOS currently has a consensus rating of “Hold” and an average price target of $3.63.

PLAYSTUDIOS Price Performance

Shares of NASDAQ:MYPS opened at $1.81 on Friday. The business’s 50-day moving average is $1.88 and its 200 day moving average is $1.70. PLAYSTUDIOS, Inc. has a 1 year low of $1.20 and a 1 year high of $3.04. The firm has a market capitalization of $225.67 million, a P/E ratio of -9.53, a P/E/G ratio of 17.70 and a beta of 0.80.

PLAYSTUDIOS 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.