Pluralsight (NASDAQ:PS)‘s stock had its “buy” rating reissued by stock analysts at Barrington Research in a research note issued on Thursday, AnalystRatings.com reports.
The analysts wrote, “We believe that the growth trajectory and total potential market opportunity of the Pluralsight story warrant a premium multiple. As such, we are reiterating our OUTPERFORM investment rating and our $30 price target, which we recently reduced from $40, to reflect the increased volatility in its shares as well as lower peer group valuation multiples, still suggesting nearly a double from current levels.””
Other equities analysts have also issued reports about the company. Needham & Company LLC dropped their price objective on Pluralsight to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. KeyCorp lowered their price target on Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday. Zacks Investment Research upgraded Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America lowered their price target on Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, August 29th. Finally, Raymond James lowered their price target on 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 seven have issued a buy rating to the stock. Pluralsight has a consensus rating of “Buy” and an average target price of $28.05.
Shares of Pluralsight stock traded up $0.17 during trading on Thursday, reaching $17.07. The company’s stock had a trading volume of 51,998 shares, compared to its average volume of 1,954,210. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.82 and a current ratio of 2.82. The business’s fifty day moving average price is $18.58 and its 200-day moving average price is $28.36. The firm has a market cap of $2.19 billion, a price-to-earnings ratio of -11.68 and a beta of 2.29. Pluralsight has a one year low of $14.84 and a one year high of $38.37.
Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The business 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 47.43% and a negative net margin of 28.32%. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. Sell-side analysts anticipate that Pluralsight will post -1.02 EPS for the current year.
In other Pluralsight news, CEO Aaron Skonnard sold 84,594 shares of Pluralsight stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $30.47, for a total transaction of $2,577,579.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Nate Walkingshaw sold 3,852 shares of Pluralsight stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $31.12, for a total value of $119,874.24. The disclosure for this sale can be found here. Insiders have sold 146,426 shares of company stock worth $4,177,217 over the last ninety days. Company insiders own 23.19% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Pluralsight by 31.5% in the 2nd quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock worth $197,164,000 after acquiring an additional 1,558,996 shares in the last quarter. TimesSquare Capital Management LLC boosted its holdings in shares of Pluralsight by 38.6% in the 2nd quarter. TimesSquare Capital Management LLC now owns 5,640,285 shares of the company’s stock worth $171,013,000 after acquiring an additional 1,571,685 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of 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 worth $151,176,000 after acquiring an additional 1,977,794 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Pluralsight by 14.0% in the 2nd quarter. BlackRock Inc. now owns 3,726,175 shares of the company’s stock worth $112,979,000 after acquiring an additional 458,958 shares in the last quarter. Finally, FIL Ltd acquired a new position in shares of Pluralsight in the 1st quarter worth approximately $94,480,000. 78.52% of the stock is currently owned by institutional investors and hedge funds.
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.
Featured Article: How do CD ladders protect against rising interest rates?
Receive News & Ratings for Pluralsight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pluralsight and related companies with MarketBeat.com's FREE daily email newsletter.