PLAYSTUDIOS (MYPS) to Release Quarterly Earnings on Monday

PLAYSTUDIOS (NASDAQ:MYPS) will announce its earnings results after the market closes on Monday, November 4th. Analysts expect the company to announce earnings of ($0.03) per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.03) by $0.01. PLAYSTUDIOS had a negative net margin of 6.34% and a negative return on equity of 7.25%. The business had revenue of $72.59 million for the quarter, compared to analysts’ expectations of $73.49 million. During the same quarter last year, the company posted ($0.02) earnings per share. On average, analysts expect PLAYSTUDIOS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PLAYSTUDIOS Price Performance

Shares of NASDAQ MYPS opened at $1.40 on Monday. The firm’s 50-day moving average price is $1.51 and its two-hundred day moving average price is $1.93. PLAYSTUDIOS has a 52-week low of $1.39 and a 52-week high of $3.04. The stock has a market capitalization of $188.73 million, a P/E ratio of -10.77 and a beta of 0.59.

Analyst Ratings Changes

A number of equities analysts have issued reports on MYPS shares. Northland Securities cut their target price on shares of PLAYSTUDIOS from $5.50 to $4.00 and set an “outperform” rating on the stock in a report on Tuesday, August 6th. Stifel Nicolaus cut their target price on shares of PLAYSTUDIOS from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Friday, October 18th. Benchmark lowered shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Finally, Craig Hallum lowered shares of PLAYSTUDIOS from a “buy” rating to a “hold” rating and dropped their price target for the company from $4.00 to $2.00 in a research note on Tuesday, August 6th.

Insiders Place Their Bets

In other PLAYSTUDIOS news, CFO Scott Edward Peterson sold 25,000 shares of PLAYSTUDIOS stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $1.50, for a total value of $37,500.00. Following the transaction, the chief financial officer now owns 583,998 shares in the company, valued at approximately $875,997. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 14.29% of the stock is currently owned by company insiders.

About PLAYSTUDIOS

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.