Wall Street brokerages expect Pluralsight Inc (NASDAQ:PS) to report $65.76 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $65.90 million and the lowest estimate coming in at $65.50 million. The company is scheduled to issue its next earnings results after the market closes on Wednesday, February 13th.
On average, analysts expect that Pluralsight will report full-year sales of $230.54 million for the current fiscal year, with estimates ranging from $230.27 million to $230.67 million. For the next financial year, analysts anticipate that the firm will report sales of $306.89 million, with estimates ranging from $302.59 million to $309.30 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Pluralsight.
PS has been the subject of several recent research reports. Raymond James lowered their price target on shares of Pluralsight from $36.00 to $28.00 and set an “outperform” rating for the company in a research note on Thursday, October 25th. Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a research note on Friday, December 7th. Robert W. Baird initiated coverage on shares of Pluralsight in a research note on Wednesday, November 28th. They issued an “outperform” rating and a $22.38 price target for the company. Finally, Bank of America lowered their price target on shares of Pluralsight from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $34.93.
In related news, insider Nate Walkingshaw sold 45,625 shares of the business’s stock in a transaction dated Wednesday, January 2nd. The shares were sold at an average price of $22.70, for a total transaction of $1,035,687.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frederick Onion sold 387,600 shares of the business’s stock in a transaction dated Friday, December 14th. The shares were sold at an average price of $23.89, for a total transaction of $9,259,764.00. The disclosure for this sale can be found here. Insiders sold 775,265 shares of company stock worth $18,781,716 in the last 90 days.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of Montreal Can increased its position in shares of Pluralsight by 15.8% during the fourth quarter. Bank of Montreal Can now owns 5,821 shares of the company’s stock valued at $137,000 after buying an additional 793 shares during the period. Tiverton Asset Management LLC increased its position in shares of Pluralsight by 1.5% during the third quarter. Tiverton Asset Management LLC now owns 242,401 shares of the company’s stock valued at $7,757,000 after buying an additional 3,600 shares during the period. Legal & General Group Plc purchased a new position in shares of Pluralsight during the second quarter valued at about $110,000. Clearbridge Investments LLC increased its position in shares of Pluralsight by 1.4% during the third quarter. Clearbridge Investments LLC now owns 372,460 shares of the company’s stock valued at $11,919,000 after buying an additional 5,070 shares during the period. Finally, First Mercantile Trust Co. purchased a new position in shares of Pluralsight during the fourth quarter valued at about $130,000. Institutional investors own 60.19% of the company’s stock.
Shares of PS traded down $0.20 during mid-day trading on Wednesday, reaching $31.40. 551,430 shares of the stock traded hands, compared to its average volume of 850,862. Pluralsight has a 1 year low of $17.88 and a 1 year high of $38.37.
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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