Analysts Anticipate Pluralsight Inc (NASDAQ:PS) Will Post Quarterly Sales of $73.84 Million

Brokerages expect Pluralsight Inc (NASDAQ:PS) to post $73.84 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Pluralsight’s earnings, with estimates ranging from $73.70 million to $73.97 million. Pluralsight reported sales of $53.57 million in the same quarter last year, which indicates a positive year over year growth rate of 37.8%. The business is expected to announce its next quarterly earnings results after the market closes on Wednesday, July 31st.

According to Zacks, analysts expect that Pluralsight will report full year sales of $315.90 million for the current financial year, with estimates ranging from $314.61 million to $317.08 million. For the next financial year, analysts anticipate that the business will report sales of $428.08 million, with estimates ranging from $420.00 million to $434.34 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Pluralsight.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating the consensus estimate of ($0.09) by $0.02. The firm had revenue of $69.60 million during the quarter, compared to analysts’ expectations of $68.31 million. Pluralsight had a negative net margin of 31.50% and a negative return on equity of 51.53%. The business’s revenue was up 40.2% compared to the same quarter last year.

Several research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 9th. Needham & Company LLC raised their target price on shares of Alteryx to $108.00 and gave the stock a “buy” rating in a report on Thursday, May 2nd. Citigroup upgraded shares of China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, May 14th. Finally, KeyCorp initiated coverage on shares of Pluralsight in a report on Tuesday. They set an “overweight” rating and a $40.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $37.74.

Shares of NASDAQ PS traded down $1.01 during mid-day trading on Tuesday, hitting $29.70. The company’s stock had a trading volume of 57,643 shares, compared to its average volume of 1,545,590. The stock has a market capitalization of $4.35 billion, a PE ratio of -20.58 and a beta of 1.96. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.68. Pluralsight has a one year low of $17.88 and a one year high of $38.37. The company has a fifty day simple moving average of $31.15.

In related news, insider Nate Walkingshaw sold 3,851 shares of the company’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $30.87, for a total transaction of $118,880.37. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Aaron Skonnard sold 133,395 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.71, for a total transaction of $4,496,745.45. The disclosure for this sale can be found here. In the last three months, insiders sold 182,795 shares of company stock valued at $6,055,603. 23.19% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Daiwa Securities Group Inc. acquired a new position in shares of Pluralsight in the first quarter valued at approximately $33,000. Parallel Advisors LLC bought a new stake in Pluralsight in the first quarter valued at approximately $33,000. Icon Wealth Partners LLC bought a new stake in Pluralsight in the first quarter valued at approximately $34,000. Rehmann Capital Advisory Group bought a new stake in Pluralsight in the first quarter valued at approximately $34,000. Finally, Tompkins Financial Corp bought a new stake in Pluralsight in the first quarter valued at approximately $37,000. 77.21% of the stock is owned by hedge funds and other institutional investors.

About Pluralsight

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role 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 a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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