Analysts expect Pluralsight Inc (NASDAQ:PS) to announce $87.22 million in sales for the current quarter, Zacks reports. Six analysts have made estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $87.77 million and the lowest estimate coming in at $86.87 million. Pluralsight posted sales of $67.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The business is expected to report its next quarterly earnings results on Wednesday, February 12th.
According to Zacks, analysts expect that Pluralsight will report full year sales of $315.31 million for the current fiscal year, with estimates ranging from $314.97 million to $315.86 million. For the next year, analysts forecast that the company will post sales of $393.87 million, with estimates ranging from $387.05 million to $396.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Pluralsight.
Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.06. The firm had revenue of $82.60 million during the quarter, compared to analysts’ expectations of $79.83 million. Pluralsight had a negative net margin of 32.59% and a negative return on equity of 46.91%. The company’s revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.10) earnings per share.
Several equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Pluralsight from $42.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, August 2nd. KeyCorp reduced their target price on shares of Pluralsight from $25.00 to $24.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Needham & Company LLC reduced their target price on shares of Pluralsight from $36.00 to $25.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Raymond James reduced their target price on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research note on Thursday, August 1st. Finally, SunTrust Banks reduced their target price on shares of Pluralsight to $27.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Pluralsight presently has an average rating of “Buy” and a consensus price target of $26.26.
In related news, insider Frederick Onion purchased 30,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was bought at an average cost of $17.19 per share, with a total value of $515,700.00. Also, Director Gary L. Crittenden purchased 14,600 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $17.11 per share, with a total value of $249,806.00. Corporate insiders own 23.19% of the company’s stock.
Several hedge funds have recently made changes to their positions in PS. Quantamental Technologies LLC bought a new stake in Pluralsight during the 2nd quarter worth approximately $31,000. Daiwa Securities Group Inc. increased its stake in Pluralsight by 46.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock worth $33,000 after purchasing an additional 620 shares in the last quarter. TCI Wealth Advisors Inc. increased its stake in Pluralsight by 121.5% during the 3rd quarter. TCI Wealth Advisors Inc. now owns 2,268 shares of the company’s stock worth $38,000 after purchasing an additional 1,244 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Pluralsight by 530.3% during the 2nd 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 in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Pluralsight by 43.2% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,940 shares of the company’s stock worth $66,000 after purchasing an additional 1,188 shares in the last quarter. 79.64% of the stock is owned by institutional investors.
Shares of Pluralsight stock traded down $0.02 on Thursday, reaching $17.62. The stock had a trading volume of 1,622,200 shares, compared to its average volume of 1,874,044. Pluralsight has a fifty-two week low of $14.84 and a fifty-two week high of $35.70. The company has a debt-to-equity ratio of 1.80, a quick ratio of 2.35 and a current ratio of 2.35. The business’s 50-day moving average price is $17.08 and its two-hundred day moving average price is $24.42. The stock has a market cap of $2.50 billion, a P/E ratio of -12.07 and a beta of 2.30.
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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