GSA Capital Partners LLP Boosts Holdings in Skillz Inc. (NYSE:SKLZ)

GSA Capital Partners LLP raised its holdings in Skillz Inc. (NYSE:SKLZ) by 36.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 160,801 shares of the company’s stock after purchasing an additional 42,998 shares during the period. GSA Capital Partners LLP’s holdings in Skillz were worth $904,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Price T Rowe Associates Inc. MD grew its holdings in Skillz by 16.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,592 shares of the company’s stock valued at $225,000 after buying an additional 4,800 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Skillz by 227.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 97,829 shares of the company’s stock valued at $635,000 after acquiring an additional 67,966 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Skillz during the 2nd quarter worth about $88,000. Finally, Renaissance Technologies LLC raised its stake in Skillz by 0.8% in the 2nd quarter. Renaissance Technologies LLC now owns 392,225 shares of the company’s stock valued at $2,816,000 after purchasing an additional 3,200 shares during the last quarter. 19.42% of the stock is currently owned by institutional investors and hedge funds.

Skillz Price Performance

SKLZ stock opened at $4.95 on Friday. The stock has a market capitalization of $86.28 million, a price-to-earnings ratio of -2.20 and a beta of 2.75. The company has a quick ratio of 6.38, a current ratio of 5.80 and a debt-to-equity ratio of 0.63. Skillz Inc. has a 52-week low of $4.72 and a 52-week high of $7.48. The stock’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $6.14.

Analyst Ratings Changes

Separately, Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Skillz in a report on Friday, August 2nd.

Skillz Company Profile

Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.