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Scott Peterson, the Chief Financial Officer of PLAYSTUDIOS, Inc. (NASDAQ:MYPS), sold 29,601 shares of the company’s Class A common stock on April 1, 2025. The shares were sold at a weighted average price of $1.26 per share, totaling approximately $37,297. The transaction comes as PLAYSTUDIOS trades near its 52-week low of $1.14, with the stock down about 37% year-to-date. According to InvestingPro analysis, the company appears undervalued based on its Fair Value metrics. This transaction was conducted under a pre-established Rule 10b5-1 trading plan, which is set to terminate on September 12, 2025. Following the sale, Peterson, through the Scott E Peterson Trust, holds 504,397 shares of the company’s stock. Additionally, he holds other equity interests such as restricted stock units and stock options, reflecting his ongoing investment in the company. Despite recent market challenges, InvestingPro data shows PLAYSTUDIOS maintains strong financial health with more cash than debt on its balance sheet and a current ratio of 2.98x. Discover 12 more exclusive insights about PLAYSTUDIOS with an InvestingPro subscription, including detailed valuation analysis and growth prospects.
In other recent news, PlayStudios reported its fourth-quarter 2024 financial results, revealing a challenging period with revenues of $67.8 million and an earnings per share (EPS) of -$0.18, both missing analyst expectations. The company’s guidance for fiscal year 2025 projects revenues of $260 million and adjusted EBITDA of $50 million, marking a 10% year-over-year decline in revenue. Despite these challenges, Oppenheimer analysts maintained an Outperform rating for PlayStudios, reiterating a $5.00 price target, while Benchmark analysts held a Hold rating, expressing concerns over profitability and market expectations.
PlayStudios is focusing on new initiatives, including the launch of a Tetris casual game and a sweepstakes platform, expected to contribute an additional $15 to $30 million to the company’s bottom line in the second half of 2025. Meanwhile, the company has been implementing cost-saving measures, including workforce reductions and operational consolidations, to improve profitability and cash flow. Certain titles like Brainium, myVEGAS, and Pop! have shown strong performance with double-digit increases in average revenue per daily active user.
The gaming sector remains competitive, with PlayStudios’ strategic moves aimed at re-engaging its audience and expanding its market reach through innovative offerings. Investors will be monitoring the impact of these new launches on the company’s financial health and market position.
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