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Joel Agena, General Counsel at PLAYSTUDIOS, Inc. (NASDAQ:MYPS), sold 61,470 shares of Class A Common Stock between June 24 and June 26, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The company, currently valued at $167 million, shows strong financial health according to InvestingPro data, with a robust current ratio of 3.6x.
The sales, executed under a pre-arranged Rule 10b5-1 trading plan, totaled $83,804. The prices for these shares ranged from $1.35 to $1.37. Specifically, on June 24 and June 25, 20490 shares were sold at $1.37 each, while on June 26, 20490 shares were sold at $1.35. While this insider sale occurred, InvestingPro analysis indicates the company maintains strong cash flows and holds more cash than debt on its balance sheet.
Following these transactions, Agena directly owns 156,771 shares of PLAYSTUDIOS, Inc. Class A Common Stock.
Agena also holds derivative securities, including 125,000 Restricted Stock Units, 166,668 Restricted Stock Units, 125,000 Performance Stock Units, 46,609 Stock Options (exercise price $0.90), 93,217 Stock Options (exercise price $1.01), 93,217 Stock Options (exercise price $1.44), and 28,040 Earnout Shares.
In other recent news, PlayStudios reported its first-quarter 2025 earnings, revealing a revenue of $63 million, which fell short of the forecasted $66.83 million and marked a 19% year-over-year decline. The company’s earnings per share (EPS) also missed expectations, posting -$0.02 against a forecast of $0.01. Despite these challenges, PlayStudios continues to focus on new product launches, such as a sweepstakes platform and the "Tetris Block Party" game, anticipated to contribute to revenue growth later in the year. Analysts at Craig-Hallum upgraded PlayStudios’ stock from Hold to Buy, citing optimism about the company’s new Sweepstakes casino, The Win Zone, and its ability to compete in the sweepstakes market. Craig-Hallum also noted the company’s strong balance sheet and proprietary playAWARDS program as valuable assets. Meanwhile, Benchmark analysts raised the stock rating to Speculative Buy, pointing to PlayStudios’ operational discipline and direct-to-consumer momentum. Despite missing revenue expectations, the company reported an Adjusted EBITDA of $12 million, surpassing consensus by 14%, with a sequential margin expansion of 150 basis points. PlayStudios maintains its financial guidance for 2025, excluding potential revenue from upcoming products, and remains confident in its strategic initiatives.
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