Pluralsight Inc (NASDAQ:PS) has been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $36.05.
PS has been the subject of several research analyst reports. First Analysis reiterated a “positive” rating and set a $45.00 target price on shares of Pluralsight in a research report on Friday, September 7th. Raymond James decreased their target price on Pluralsight from $36.00 to $28.00 and set an “outperform” rating for the company in a report on Thursday, October 25th. Needham & Company LLC boosted their price target on Pluralsight from $29.00 to $38.00 and gave the company a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. JPMorgan Chase & Co. upped their target price on Pluralsight to $44.00 and gave the stock an “overweight” rating in a research note on Thursday, August 30th. Finally, SunTrust Banks boosted their price target on Pluralsight to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th.
PS stock traded down $1.71 during trading on Monday, hitting $23.54. 657,554 shares of the stock traded hands, compared to its average volume of 1,175,063. Pluralsight has a 1 year low of $17.88 and a 1 year high of $38.37.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, October 24th. The company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.06. The business had revenue of $61.55 million during the quarter, compared to the consensus estimate of $57.57 million. On average, analysts forecast that Pluralsight will post -1.14 EPS for the current year.
In other Pluralsight news, CEO Aaron Skonnard sold 25,000 shares of the stock in a transaction on Friday, November 16th. The stock was sold at an average price of $22.14, for a total transaction of $553,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karenann K. Terrell sold 123,609 shares of the stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $19.88, for a total value of $2,457,346.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,009 shares of company stock worth $3,021,259.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Legal & General Group Plc acquired a new position in Pluralsight during the second quarter worth $110,000. Bank of Montreal Can lifted its stake in Pluralsight by 164.6% during the third quarter. Bank of Montreal Can now owns 5,028 shares of the company’s stock worth $161,000 after purchasing an additional 3,128 shares during the period. Domini Impact Investments LLC bought a new position in Pluralsight during the third quarter worth about $239,000. Scge Management L.P. bought a new position in shares of Pluralsight in the second quarter valued at approximately $245,000. Finally, Wells Fargo & Company MN raised its stake in shares of Pluralsight by 10,170.0% in the third quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock valued at $329,000 after acquiring an additional 10,170 shares during the last quarter. 53.36% of the stock is currently owned by institutional investors and hedge funds.
Pluralsight Company Profile
Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill assessment tool, which uses machine learning and advanced algorithms to measure a user's skills, benchmark that user against others in the industry, and recommend opportunities for growth; and Course Library that include 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.
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