Pluralsight Inc (NASDAQ:PS) Given Average Rating of “Buy” by Analysts

Shares of Pluralsight Inc (NASDAQ:PS) have been given an average rating of “Buy” by the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $37.49.

Several research firms have commented on PS. Zacks Investment Research downgraded shares of Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Citigroup began coverage on shares of Pluralsight in a research note on Tuesday, May 14th. They set a “buy” rating and a $42.00 price target on the stock. Finally, Needham & Company LLC reissued a “buy” rating and set a $42.00 price target (up from $38.00) on shares of Pluralsight in a research note on Thursday, May 2nd.

Shares of PS opened at $32.71 on Friday. The company has a market capitalization of $4.48 billion and a P/E ratio of -22.40. The company has a current ratio of 3.79, a quick ratio of 3.79 and a debt-to-equity ratio of 1.68. Pluralsight has a 1-year low of $17.88 and a 1-year high of $38.37.

Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.02. The business had revenue of $69.60 million for the quarter, compared to the consensus estimate of $68.31 million. Pluralsight had a negative net margin of 31.50% and a negative return on equity of 51.53%. Pluralsight’s quarterly revenue was up 40.2% compared to the same quarter last year. On average, analysts anticipate that Pluralsight will post -0.98 EPS for the current fiscal year.

In related news, insider Nate Walkingshaw sold 3,851 shares of Pluralsight stock in a transaction on Monday, May 13th. The shares were sold at an average price of $30.87, for a total value of $118,880.37. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Aaron Skonnard sold 133,395 shares of Pluralsight stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.71, for a total transaction of $4,496,745.45. The disclosure for this sale can be found here. Insiders sold 173,531 shares of company stock worth $5,788,397 in the last 90 days. Company insiders own 23.19% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. TimesSquare Capital Management LLC raised its position in shares of Pluralsight by 87.6% in the 1st quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock worth $129,137,000 after purchasing an additional 1,899,315 shares during the last quarter. FIL Ltd purchased a new position in shares of Pluralsight in the 1st quarter worth about $94,480,000. JPMorgan Chase & Co. raised its position in shares of Pluralsight by 152.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock worth $86,358,000 after purchasing an additional 1,642,071 shares during the last quarter. Riverbridge Partners LLC purchased a new position in shares of Pluralsight in the 1st quarter worth about $72,669,000. Finally, BlackRock Inc. raised its position in shares of Pluralsight by 8.0% in the 4th quarter. BlackRock Inc. now owns 1,917,779 shares of the company’s stock worth $45,164,000 after purchasing an additional 142,072 shares during the last quarter. Hedge funds and other institutional investors own 77.21% of the company’s stock.

About Pluralsight

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.

Further Reading: Index Funds

Analyst Recommendations for Pluralsight (NASDAQ:PS)

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