Brokerages Set Skillz Inc. (NYSE:SKLZ) PT at $2.17

Shares of Skillz Inc. (NYSE:SKLZ – Get Rating) have been assigned an average rating of “Hold” from the six analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $2.17.

Several research analysts have recently weighed in on SKLZ shares. Wedbush reissued an “outperform” rating and issued a $3.75 target price on shares of Skillz in a research report on Friday, March 31st. Stifel Nicolaus dropped their target price on shares of Skillz from $1.50 to $1.25 and set a “buy” rating on the stock in a research report on Monday, April 3rd.

Skillz Stock Performance

Shares of SKLZ opened at $0.50 on Tuesday. The firm’s 50 day moving average is $0.59 and its 200-day moving average is $0.70. The stock has a market capitalization of $212.37 million, a P/E ratio of -0.65 and a beta of 2.66. The company has a debt-to-equity ratio of 1.08, a current ratio of 7.32 and a quick ratio of 7.32. Skillz has a 12-month low of $0.45 and a 12-month high of $2.18.

Insider Buying and Selling

In related news, CEO Andrew Paradise purchased 1,342,656 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was acquired at an average cost of $0.52 per share, for a total transaction of $698,181.12. Following the completion of the acquisition, the chief executive officer now owns 10,299,303 shares in the company, valued at approximately $5,355,637.56. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 3,000,000 shares of company stock worth $1,624,720. 27.33% of the stock is owned by company insiders.

Institutional Trading of Skillz

Institutional investors have recently added to or reduced their stakes in the business. Ethic Inc. acquired a new stake in Skillz in the first quarter valued at approximately $34,000. Vident Investment Advisory LLC acquired a new stake in Skillz in the first quarter valued at approximately $35,000. Envestnet Asset Management Inc. acquired a new stake in Skillz in the first quarter valued at approximately $41,000. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in Skillz in the first quarter valued at approximately $46,000. Finally, Oppenheimer & Co. Inc. acquired a new stake in Skillz in the first quarter valued at approximately $51,000. 33.29% of the stock is currently owned by institutional investors and hedge funds.

About Skillz

(Get Rating)

Skillz Inc operates a mobile games platform that connects players in fair, fun, and meaningful competition. 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 worldwide.