Needham & Company LLC reiterated their buy rating on shares of Pluralsight (NASDAQ:PS) in a research report released on Thursday morning, AnalystRatings.com reports. They currently have a $36.00 price objective on the stock.
Several other research analysts also recently issued reports on PS. Barrington Research set a $30.00 price target on shares of Pluralsight and gave the stock a buy rating in a report on Wednesday, October 9th. Zacks Investment Research raised shares of Pluralsight from a sell rating to a hold rating in a research note on Wednesday, September 11th. Berenberg Bank began coverage on shares of Pluralsight in a research note on Wednesday, September 18th. They issued a buy rating and a $24.00 price objective on the stock. SunTrust Banks reduced their price objective on shares of Pluralsight to $27.00 and set a buy rating on the stock in a research note on Thursday, August 1st. Finally, Raymond James reduced their price objective on shares of Pluralsight from $39.00 to $26.00 and set an outperform rating on the stock in a research note on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $27.60.
Shares of PS opened at $16.79 on Thursday. Pluralsight has a one year low of $14.84 and a one year high of $35.70. The company has a market cap of $2.41 billion, a P/E ratio of -11.50 and a beta of 2.29. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.82 and a quick ratio of 2.82. The firm has a 50 day simple moving average of $16.56 and a two-hundred day simple moving average of $25.86.
Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Pluralsight had a negative net margin of 28.32% and a negative return on equity of 47.43%. The firm had revenue of $75.90 million for the quarter, compared to analyst estimates of $73.87 million. During the same quarter in the prior year, the firm earned ($0.21) earnings per share. The firm’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, analysts expect that Pluralsight will post -1.02 earnings per share for the current fiscal year.
In other news, insider Nate Walkingshaw sold 3,852 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $17.58, for a total transaction of $67,718.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Aaron Skonnard sold 84,594 shares of the company’s 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 disclosure for this sale can be found here. In the last quarter, insiders have bought 74,600 shares of company stock worth $1,262,906 and have sold 109,143 shares worth $3,031,494. 23.19% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently bought and sold shares of PS. First Trust Advisors LP raised its holdings in shares of Pluralsight by 2,507.4% in the 2nd quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock worth $85,795,000 after acquiring an additional 2,721,132 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Pluralsight by 65.7% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,986,019 shares of the company’s stock valued at $151,176,000 after buying an additional 1,977,794 shares during the last quarter. Riverbridge Partners LLC increased its stake in Pluralsight by 63.4% in the 3rd quarter. Riverbridge Partners LLC now owns 4,051,477 shares of the company’s stock valued at $68,045,000 after buying an additional 1,572,309 shares during the last quarter. TimesSquare Capital Management LLC increased its stake in Pluralsight by 38.6% in the 2nd quarter. TimesSquare Capital Management LLC now owns 5,640,285 shares of the company’s stock valued at $171,013,000 after buying an additional 1,571,685 shares during the last quarter. Finally, Vanguard Group Inc. increased its stake in Pluralsight by 31.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock valued at $197,164,000 after buying an additional 1,558,996 shares during the last quarter. Institutional investors own 78.52% 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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