Analysts’ Weekly Ratings Updates for Pluralsight (PS)

A number of firms have modified their ratings and price targets on shares of Pluralsight (NASDAQ: PS) recently:

  • 8/2/2019 – Pluralsight had its price target lowered by analysts at Citigroup Inc from $42.00 to $36.00. They now have a “buy” rating on the stock.
  • 8/1/2019 – Pluralsight had its price target lowered by analysts at KeyCorp from $40.00 to $28.00. They now have an “overweight” rating on the stock.
  • 8/1/2019 – Pluralsight had its price target lowered by analysts at Raymond James from $39.00 to $26.00. They now have an “outperform” rating on the stock.
  • 8/1/2019 – Pluralsight had its price target lowered by analysts at SunTrust Banks, Inc. to $27.00. They now have a “buy” rating on the stock.
  • 8/1/2019 – Pluralsight had its price target lowered by analysts at Needham & Company LLC to $36.00. They now have a “buy” rating on the stock.
  • 7/22/2019 – Pluralsight is now covered by analysts at Barrington Research. They set an “outperform” rating and a $40.00 price target on the stock.
  • 7/16/2019 – Pluralsight is now covered by analysts at KeyCorp. They set an “overweight” rating and a $40.00 price target on the stock.

PS stock traded up $0.42 during trading on Monday, reaching $16.11. 864,818 shares of the stock traded hands, compared to its average volume of 3,507,848. The business’s 50 day moving average price is $26.47 and its 200-day moving average price is $30.28. Pluralsight Inc has a 52-week low of $15.48 and a 52-week high of $38.37. 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 market capitalization of $2.22 billion, a PE ratio of -11.03 and a beta of 1.96.

Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.04). The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $73.87 million. Pluralsight had a negative net margin of 28.32% and a negative return on equity of 47.43%. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. During the same period last year, the company posted ($0.21) earnings per share. On average, equities research analysts predict that Pluralsight Inc will post -1.02 earnings per share for the current year.

In other Pluralsight news, Director Timothy I. Maudlin purchased 30,000 shares of the stock in a transaction dated Friday, August 9th. The shares were bought at an average cost of $16.58 per share, with a total value of $497,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CRO Joseph M. Dibartolomeo sold 1,938 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $33.44, for a total value of $64,806.72. The disclosure for this sale can be found here. Insiders have sold 142,495 shares of company stock worth $4,228,330 over the last three months. Company insiders own 23.19% of the company’s stock.

Several large investors have recently modified their holdings of the company. Intrinsic Edge Capital Management LLC lifted its stake in Pluralsight by 106.0% during the second quarter. Intrinsic Edge Capital Management LLC now owns 386,651 shares of the company’s stock worth $11,723,000 after purchasing an additional 199,001 shares during the period. Royal Bank of Canada lifted its stake in Pluralsight by 52.9% during the second quarter. Royal Bank of Canada now owns 84,458 shares of the company’s stock worth $2,561,000 after purchasing an additional 29,223 shares during the period. Verition Fund Management LLC bought a new position in Pluralsight during the second quarter worth about $319,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in Pluralsight by 530.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock worth $50,000 after purchasing an additional 1,384 shares during the period. Finally, Amundi Pioneer Asset Management Inc. lifted its stake in Pluralsight by 1,042.1% during the second quarter. Amundi Pioneer Asset Management Inc. now owns 407,378 shares of the company’s stock worth $12,352,000 after purchasing an additional 371,708 shares during the period. 74.30% of the stock is currently owned by institutional investors.

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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