Wealthquest Corp Invests $68,000 in Skillz Inc. (NYSE:SKLZ)

Wealthquest Corp bought a new stake in Skillz Inc. (NYSE:SKLZ) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 12,100 shares of the company’s stock, valued at approximately $68,000.

A number of other large investors have also modified their holdings of the business. Dimensional Fund Advisors LP acquired a new stake in shares of Skillz in the second quarter valued at approximately $88,000. Price T Rowe Associates Inc. MD grew its position in Skillz by 16.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 34,592 shares of the company’s stock valued at $225,000 after acquiring an additional 4,800 shares during the period. Jacobs Levy Equity Management Inc. raised its holdings in Skillz by 58.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 83,939 shares of the company’s stock valued at $472,000 after buying an additional 30,903 shares during the period. GSA Capital Partners LLP raised its stake in shares of Skillz by 36.5% in the 3rd quarter. GSA Capital Partners LLP now owns 160,801 shares of the company’s stock valued at $904,000 after acquiring an additional 42,998 shares during the period. Finally, Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 3,200 shares during the period. 19.42% of the stock is owned by hedge funds and other institutional investors.

Skillz Price Performance

SKLZ opened at $5.10 on Thursday. The firm has a market cap of $88.90 million, a price-to-earnings ratio of -2.27 and a beta of 2.72. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.63. Skillz Inc. has a twelve month low of $4.72 and a twelve month high of $7.48. The company has a fifty day simple moving average of $5.46 and a 200 day simple moving average of $6.03.

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.