Pluralsight (NASDAQ:PS) Trading 7.5% Higher

Pluralsight Inc (NASDAQ:PS) traded up 7.5% on Wednesday . The company traded as high as $11.07 and last traded at $11.84, 39,881 shares were traded during trading. A decline of 98% from the average session volume of 2,151,537 shares. The stock had previously closed at $11.01.

A number of equities analysts have recently weighed in on the company. William Blair assumed coverage on Pluralsight in a report on Wednesday, January 8th. They set an “outperform” rating for the company. Needham & Company LLC reiterated a “buy” rating and set a $25.00 price target on shares of Pluralsight in a report on Monday, February 17th. Morgan Stanley decreased their target price on Pluralsight from $20.00 to $13.00 and set an “equal weight” rating on the stock in a research note on Wednesday. ValuEngine raised Pluralsight from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 28th. Finally, KeyCorp decreased their target price on Pluralsight from $24.00 to $22.00 and set an “overweight” rating on the stock in a research note on Monday, January 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $22.61.

The company has a 50 day moving average of $15.78 and a 200-day moving average of $17.03. 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 stock has a market cap of $1.56 billion, a price-to-earnings ratio of -11.82 and a beta of 1.92.

Pluralsight (NASDAQ:PS) last posted its earnings results on Wednesday, February 12th. The company reported ($0.09) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $88.80 million for the quarter, compared to analyst estimates of $87.22 million. During the same quarter in the prior year, the company earned ($0.09) EPS. Pluralsight’s revenue was up 31.9% on a year-over-year basis. On average, research analysts anticipate that Pluralsight Inc will post -1.25 EPS for the current year.

In other Pluralsight news, insider Frederick Onion sold 30,000 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $18.61, for a total value of $558,300.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Nate Walkingshaw sold 6,000 shares of the stock in a transaction dated Wednesday, January 15th. The shares were sold at an average price of $19.50, for a total value of $117,000.00. Following the completion of the sale, the insider now directly owns 200,090 shares in the company, valued at approximately $3,901,755. The disclosure for this sale can be found here. Insiders sold a total of 77,928 shares of company stock worth $1,464,328 in the last ninety days. 21.79% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of PS. FMR LLC increased its holdings in shares of Pluralsight by 70.6% in the 4th quarter. FMR LLC now owns 10,093,850 shares of the company’s stock valued at $173,715,000 after acquiring an additional 4,178,303 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in shares of Pluralsight in the 4th quarter valued at about $66,505,000. Point72 Asset Management L.P. purchased a new position in shares of Pluralsight in the 3rd quarter valued at about $28,770,000. Granahan Investment Management Inc. MA purchased a new position in shares of Pluralsight in the 3rd quarter valued at about $16,192,000. Finally, Norges Bank purchased a new position in shares of Pluralsight in the 4th quarter valued at about $16,405,000. 83.07% of the stock is currently owned by institutional investors.

About Pluralsight (NASDAQ:PS)

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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