Wall Street brokerages expect that Pluralsight Inc (NASDAQ:PS) will post sales of $73.81 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $73.93 million and the lowest estimate coming in at $73.70 million. Pluralsight reported sales of $53.57 million during the same quarter last year, which indicates a positive year over year growth rate of 37.8%. The business is expected to issue its next quarterly earnings results on Wednesday, August 7th.
According to Zacks, analysts expect that Pluralsight will report full year sales of $315.96 million for the current year, with estimates ranging from $314.61 million to $317.08 million. For the next fiscal year, analysts anticipate that the business will report sales of $430.98 million, with estimates ranging from $420.00 million to $446.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Pluralsight.
Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.09) by $0.02. Pluralsight had a negative net margin of 31.50% and a negative return on equity of 51.53%. The company had revenue of $69.60 million during the quarter, compared to analyst estimates of $68.31 million. The firm’s revenue for the quarter was up 40.2% compared to the same quarter last year.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Pluralsight from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Citigroup began coverage on shares of Pluralsight in a research report on Tuesday. They issued a “buy” rating and a $42.00 target price for the company. Needham & Company LLC restated a “buy” rating and set a $42.00 price target (up from $38.00) on shares of Pluralsight in a research report on Thursday, May 2nd. Finally, Bank of America upped their price target on shares of Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. Pluralsight currently has an average rating of “Buy” and an average price target of $36.34.
In other news, CFO James Budge sold 333,091 shares of the company’s stock in a transaction dated Wednesday, February 20th. The shares were sold at an average price of $29.44, for a total transaction of $9,806,199.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Scott D. Dorsey sold 47,492 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $28.37, for a total transaction of $1,347,348.04. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,123,951 shares of company stock valued at $260,070,900. Company insiders own 23.19% of the company’s stock.
Several large investors have recently modified their holdings of PS. Wells Fargo & Company MN raised its stake in shares of Pluralsight by 10,170.0% during the third quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock valued at $329,000 after acquiring an additional 10,170 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Pluralsight by 304.2% in the third quarter. Bank of New York Mellon Corp now owns 54,681 shares of the company’s stock worth $1,750,000 after buying an additional 41,153 shares in the last quarter. BlackRock Inc. raised its stake in Pluralsight by 48.9% in the third quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock worth $56,824,000 after buying an additional 582,839 shares in the last quarter. Man Group plc bought a new position in Pluralsight in the third quarter worth about $566,000. Finally, Teachers Advisors LLC bought a new position in Pluralsight in the third quarter worth about $827,000. 61.44% of the stock is owned by hedge funds and other institutional investors.
NASDAQ:PS traded up $0.47 during midday trading on Wednesday, hitting $33.15. The company had a trading volume of 701,063 shares, compared to its average volume of 1,659,763. Pluralsight has a 52-week low of $17.88 and a 52-week high of $38.37. The firm has a market capitalization of $4.25 billion and a PE ratio of -22.71. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79.
Pluralsight Company Profile
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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