Other equities research analysts also recently issued research reports about the company. William Blair assumed coverage on Pluralsight in a research report on Wednesday, January 8th. They issued an “outperform” rating on the stock. Citigroup dropped their price objective on Pluralsight from $31.50 to $18.50 and set a “buy” rating for the company in a research note on Monday. ValuEngine raised Pluralsight from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 28th. Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Pluralsight in a research note on Monday, February 17th. Finally, Morgan Stanley dropped their price objective on Pluralsight from $20.00 to $13.00 and set an “equal weight” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $22.61.
Shares of Pluralsight stock opened at $13.00 on Friday. Pluralsight has a one year low of $6.59 and a one year high of $35.70. The company has a market cap of $1.56 billion, a price-to-earnings ratio of -11.82 and a beta of 1.92. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.96 and a current ratio of 1.96. The business’s 50 day moving average price is $15.66 and its 200 day moving average price is $17.01.
Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, February 12th. The company reported ($0.09) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.32) by $0.23. Pluralsight had a negative return on equity of 47.40% and a negative net margin of 35.65%. The company had revenue of $88.80 million for the quarter, compared to the consensus estimate of $87.22 million. During the same quarter in the previous year, the business earned ($0.09) earnings per share. The company’s revenue for the quarter was up 31.9% on a year-over-year basis. On average, analysts predict that Pluralsight will post -1.25 EPS for the current fiscal year.
In other news, insider Nate Walkingshaw sold 36,928 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $19.05, for a total value of $703,478.40. Following the completion of the sale, the insider now directly owns 219,090 shares of the company’s stock, valued at approximately $4,173,664.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frederick Onion sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $18.61, for a total value of $558,300.00. The disclosure for this sale can be found here. Insiders sold a total of 77,928 shares of company stock valued at $1,464,328 over the last three months. Company insiders own 21.79% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Norges Bank purchased a new stake in Pluralsight during the 4th quarter valued at approximately $16,405,000. Needham Investment Management LLC purchased a new stake in Pluralsight during the 4th quarter valued at approximately $1,394,000. Sunbelt Securities Inc. purchased a new position in shares of Pluralsight during the 4th quarter worth approximately $3,231,000. Geode Capital Management LLC raised its stake in shares of Pluralsight by 6.2% during the 4th quarter. Geode Capital Management LLC now owns 854,303 shares of the company’s stock worth $14,702,000 after buying an additional 49,821 shares in the last quarter. Finally, Bullseye Asset Management LLC purchased a new position in shares of Pluralsight during the 4th quarter worth approximately $839,000. 83.07% of the stock is owned by hedge funds and other 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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