Pluralsight (NASDAQ:PS) had its price objective reduced by KeyCorp from $40.00 to $28.00 in a research report issued on Thursday, The Fly reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s target price indicates a potential upside of 50.38% from the stock’s previous close.
A number of other research firms have also recently commented on PS. Needham & Company LLC reissued a “buy” rating and issued a $42.00 target price (up previously from $38.00) on shares of Pluralsight in a research note on Thursday, May 2nd. Barrington Research assumed coverage on Pluralsight in a research note on Monday, July 22nd. They issued an “outperform” rating and a $40.00 target price on the stock. Citigroup assumed coverage on Pluralsight in a research note on Tuesday, May 14th. They issued a “buy” rating and a $42.00 target price on the stock. Finally, Zacks Investment Research cut Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company’s stock. Pluralsight currently has an average rating of “Buy” and a consensus target price of $34.40.
Shares of Pluralsight stock traded up $0.06 during trading on Thursday, hitting $18.62. The stock had a trading volume of 7,664,152 shares, compared to its average volume of 1,143,335. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of -12.75 and a beta of 1.96. Pluralsight has a 12 month low of $17.88 and a 12 month high of $38.37. The company’s 50-day moving average price is $30.43. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79.
Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $75.90 million during the quarter, compared to the consensus estimate of $73.87 million. Pluralsight had a negative return on equity of 49.39% and a negative net margin of 28.32%. The company’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.21) EPS. On average, sell-side analysts expect that Pluralsight will post -0.97 earnings per share for the current fiscal year.
In other news, CEO Aaron Skonnard sold 84,594 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $30.47, for a total transaction of $2,577,579.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Nate Walkingshaw sold 3,851 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $30.87, for a total transaction of $118,880.37. The disclosure for this sale can be found here. Insiders have sold 133,994 shares of company stock worth $4,118,332 over the last ninety days. Insiders own 23.19% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in Pluralsight by 8.0% in the 4th quarter. BlackRock Inc. now owns 1,917,779 shares of the company’s stock worth $45,164,000 after purchasing an additional 142,072 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Pluralsight by 38.1% in the 4th quarter. Bank of New York Mellon Corp now owns 75,489 shares of the company’s stock worth $1,778,000 after purchasing an additional 20,808 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Pluralsight by 9.9% in the 4th quarter. Geode Capital Management LLC now owns 253,067 shares of the company’s stock worth $5,959,000 after purchasing an additional 22,748 shares during the last quarter. Bank of America Corp DE lifted its holdings in Pluralsight by 138.5% in the 4th quarter. Bank of America Corp DE now owns 55,288 shares of the company’s stock worth $1,302,000 after purchasing an additional 32,111 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. acquired a new stake in Pluralsight in the 4th quarter worth approximately $341,000. Institutional investors own 77.35% of the company’s stock.
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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