Nvidia, AMD to pay 15% of China chip sales revenue to US govt- FT
Joel Agena, General Counsel at PLAYSTUDIOS, Inc. (NASDAQ:MYPS), has sold 40,980 shares of Class A Common Stock in two transactions, according to a recent Form 4 filing. The sales occurred on June 20 and June 23, 2025, with the price ranging from $1.39 to $1.44 per share. According to InvestingPro data, the company, currently valued at $174 million, is trading near its 52-week low of $1.14 and appears undervalued based on Fair Value analysis.
On June 20, 20,490 shares were sold at a weighted average price of $1.41, and on June 23, another 20,490 shares were sold at a weighted average price of $1.40. The combined value of these transactions totaled $57,576.
Following these transactions, Agena directly owns 218,241 shares of PLAYSTUDIOS, Inc. Class A Common Stock.
The reported sales were executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 12, 2025.
The filing also discloses Agena’s holdings in derivative securities, including 291,668 Restricted Stock Units, 125,000 Performance Stock Units and several blocks of Stock Options.
In other recent news, PlayStudios has been the subject of several analyst upgrades and financial developments. Craig-Hallum upgraded PlayStudios from Hold to Buy, raising its price target to $3.00, citing optimism around the company’s new Sweepstakes casino, The Win Zone. Benchmark also upgraded the stock to Speculative Buy, setting a price target of $2.00, following PlayStudios’ mixed first-quarter financial results. The company reported an Adjusted EBITDA of $12.5 million, surpassing expectations by 14%, but revenue fell short at $62.7 million, marking a 19% year-over-year decline.
PlayStudios’ Q1 2025 earnings revealed a revenue of $63 million, below the forecasted $66.83 million, with an EPS of -$0.02, missing projections by $0.03. Despite the revenue decline, the company continues to focus on new product offerings, such as a sweepstakes platform and the Tetris Block Party game, expected to launch later in 2025. Analysts from both Craig-Hallum and Benchmark have noted the company’s strategic approach to compliance and its strong balance sheet, which could support future growth. The recent Apple (NASDAQ:AAPL) v. Epic Games ruling was also highlighted as a potential benefit for PlayStudios, allowing for more direct-to-consumer transactions.
The company maintains a strong cash position with $107 million and no outstanding debt, while reaffirming its financial guidance for 2025. PlayStudios projects net revenue between $250 million and $270 million and consolidated adjusted EBITDA between $45 million and $55 million for the year. These developments reflect the company’s ongoing efforts to stabilize its core operations and explore new growth opportunities in the competitive gaming market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.