Skillz (NYSE:SKLZ) Given “Outperform” Rating at Wedbush

Skillz (NYSE:SKLZ)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a report issued on Friday,RTT News reports. They currently have a $15.00 price objective on the stock. Wedbush’s target price indicates a potential upside of 221.20% from the stock’s previous close.

Skillz Price Performance

Shares of NYSE:SKLZ traded down $0.44 during trading on Friday, reaching $4.67. The stock had a trading volume of 212,958 shares, compared to its average volume of 97,717. The business has a fifty day moving average price of $5.99 and a 200-day moving average price of $5.65. Skillz has a 1-year low of $4.33 and a 1-year high of $7.48. The company has a debt-to-equity ratio of 0.63, a quick ratio of 5.80 and a current ratio of 5.80. The stock has a market cap of $81.40 million, a PE ratio of -2.08 and a beta of 2.74.

Institutional Investors Weigh In On Skillz

A number of institutional investors and hedge funds have recently made changes to their positions in SKLZ. R Squared Ltd purchased a new stake in Skillz in the fourth quarter valued at approximately $35,000. Occudo Quantitative Strategies LP acquired a new position in Skillz in the 4th quarter valued at about $57,000. Wealthquest Corp purchased a new position in shares of Skillz in the third quarter valued at approximately $68,000. LPL Financial LLC acquired a new stake in Skillz during the 4th quarter worth approximately $74,000. Finally, BNP Paribas Financial Markets acquired a new stake in Skillz during the 4th quarter worth approximately $78,000. 19.42% of the stock is owned by hedge funds and other institutional investors.

About Skillz

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.