PLAYSTUDIOS (MYPS) to Release Quarterly Earnings on Monday

PLAYSTUDIOS (NASDAQ:MYPS) will issue its quarterly earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

PLAYSTUDIOS (NASDAQ:MYPS) last issued its quarterly earnings data on Monday, March 11th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.12). PLAYSTUDIOS had a negative return on equity of 7.19% and a negative net margin of 6.24%. The firm had revenue of $77.11 million for the quarter, compared to the consensus estimate of $75.95 million. On average, analysts expect PLAYSTUDIOS to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

PLAYSTUDIOS Stock Up 2.6 %

Shares of NASDAQ:MYPS opened at $2.35 on Friday. PLAYSTUDIOS has a 12-month low of $1.90 and a 12-month high of $5.01. The stock has a market cap of $320.09 million, a PE ratio of -15.27, a P/E/G ratio of 7.50 and a beta of 0.63. The business has a 50 day moving average of $2.42 and a 200-day moving average of $2.49.

Insider Transactions at PLAYSTUDIOS

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of PLAYSTUDIOS stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 13.95% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their price objective on PLAYSTUDIOS from $6.00 to $4.00 and set a “buy” rating for the company in a report on Friday, February 23rd.

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.