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Joel Agena, General Counsel at PLAYSTUDIOS, Inc. (NASDAQ:MYPS), a company with $274.3M in revenue and a market cap of $179.4M, sold 61,471 shares of Class A Common Stock between June 16 and June 18, 2025. The sales, executed under a Rule 10b5-1 trading plan, resulted in a total value of $87,288. According to InvestingPro analysis, PLAYSTUDIOS maintains a strong balance sheet with more cash than debt.
On June 16, 2025, 20,491 shares were sold at a weighted average price of $1.43, with individual prices ranging from $1.39 to $1.48. The following day, June 17, 20,490 shares were sold at an average price of $1.41, in a range of $1.39 to $1.44. On June 18, 2025, another 20,490 shares were sold at an average price of $1.42, with prices varying from $1.40 to $1.44. These transactions occurred with the stock trading near its 52-week low of $1.14, while InvestingPro analysis suggests the stock is currently undervalued.
Following these transactions, Agena directly owns 259,221 shares of PLAYSTUDIOS Class A Common Stock. Agena also holds derivative securities, including 291,668 Restricted Stock Units, 125,000 Performance Stock Units, 233,043 Stock Options (with exercise prices of $0.90, $1.01 and $1.44), and 28,040 Earnout Shares. For deeper insights into insider trading patterns and comprehensive analysis, access the full PLAYSTUDIOS Pro Research Report on InvestingPro.
In other recent news, PlayStudios reported its first-quarter 2025 earnings, revealing a revenue of $63 million, which was below the expected $66.83 million and marked a 19% year-over-year decline. The company also posted an EPS of -$0.02, missing the forecasted $0.01. Despite these setbacks, PlayStudios’ Adjusted EBITDA of $12.5 million exceeded consensus expectations by 14%, with a sequential margin expansion of 150 basis points. Analysts at Craig-Hallum upgraded PlayStudios’ stock rating from Hold to Buy, citing the company’s recent covert testing of its Sweepstakes casino, The Win Zone, as a positive development. Meanwhile, Benchmark analysts also raised their rating to Speculative Buy, highlighting the company’s operational discipline and direct-to-consumer momentum. Both firms noted PlayStudios’ strong balance sheet and potential for growth within the sweepstakes casino market. Additionally, the company plans to launch a new Tetris title and a sweepstakes platform later in 2025, which are expected to contribute to revenue growth. These initiatives align with the company’s reinvention plan and efforts to stabilize its core operations.
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