Streetbeat News

MYPS

PLAYSTUDIOS, Inc.

Industry

Electronic Gaming & Multimedia

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.

Open

1.83

Mkt cap

214M

Volume

202K

High

1.84

P/E Ratio

-8.60

52-wk high

3.04

Low

1.70

Div yield

N/A

52-wk low

1.20

PLAYSTUDIOS has entered into an agreement to repurchase 11.677 million shares of its Class A common stock from Microsoft at $2.11 per share, totaling $24.6 million. This repurchase will reduce the number of outstanding shares by approximately 8.6%.

Portfolio Pulse from Benzinga Newsdesk

June 11, 2024 | 8:52 pm

Analysts have varied opinions on PLAYSTUDIOS (NASDAQ:MYPS), with recent ratings ranging from bullish to bearish. Over the last quarter, all 4 analysts rated it as bullish, but the average 12-month price target was reduced by 18.18% to $4.5. The company faces challenges with a -2.85% revenue decline and a net margin of -25.76%, but it has a strong ROE of -6.73% and a low debt-to-equity ratio of 0.03.

Portfolio Pulse from Benzinga Insights

May 07, 2024 | 3:00 pm

Benchmark analyst Mike Hickey reiterates a Buy rating on PLAYSTUDIOS (NASDAQ:MYPS) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

May 07, 2024 | 1:26 pm

PLAYSTUDIOS has reaffirmed its fiscal year 2024 revenue guidance, maintaining it within the range of $315 million to $325 million, which aligns closely with the analyst estimate of $319.309 million.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 9:06 pm

PLAYSTUDIOS reported Q1 sales of $77.828M, surpassing the analyst consensus estimate of $75.889M by 2.56%, but marking a 2.86% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:46 pm

Craig-Hallum analyst Ryan Sigdahl maintains a Buy rating on PLAYSTUDIOS (NASDAQ:MYPS) but lowers the price target from $5 to $4.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 3:27 pm

Benchmark analyst Mike Hickey reiterates a Buy rating on PLAYSTUDIOS (NASDAQ:MYPS) and maintains a $5 price target.

Portfolio Pulse from Benzinga Newsdesk

March 12, 2024 | 1:01 pm

In Monday's after-market session, several Communication Services stocks experienced notable movements. HWH International, Stran & Co, TrueCar, Urban One, and Cineverse were among the gainers, with increases ranging from 4.68% to 11.2%. On the downside, Gamer Pakistan, PLAYSTUDIOS, Sify Technologies, Global Mofy Metaverse, AirNet Technology, and Brera Holdings saw declines between 3.02% and 4.6%. PLAYSTUDIOS' drop was highlighted by the release of their Q4 earnings.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 9:34 pm

PLAYSTUDIOS (NASDAQ:MYPS) reported Q4 earnings with an EPS of $-0.15, missing estimates by -650.0% and a revenue decrease of $2.27 million from the previous year. The company's past earnings performance shows a mixed trend with a notable 10.0% drop in share price following last quarter's earnings beat.

Portfolio Pulse from Benzinga Insights

March 11, 2024 | 8:20 pm

PLAYSTUDIOS forecasts its FY24 net revenue to be between $315M and $325M, which is in line with the estimated $318.65M.

Portfolio Pulse from Benzinga Newsdesk

March 11, 2024 | 8:18 pm

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