Pluralsight (NASDAQ:PS) was upgraded by BidaskClub from a "buy" rating to a "strong-buy" rating in a research report issued on Saturday, BidAskClub reports.
A number of other research firms have also recently commented on PS. Piper Sandler began coverage on Pluralsight in a research report on Thursday. They issued an "overweight" rating and a $26.00 price objective for the company. Barrington Research restated an "outperform" rating and issued a $20.00 price objective (up from $15.00) on shares of Pluralsight in a research report on Thursday, April 30th. Barclays boosted their price objective on Pluralsight from $15.00 to $19.00 and gave the company an "overweight" rating in a research report on Thursday, April 30th. Morgan Stanley lifted their price target on Pluralsight from $13.00 to $18.00 and gave the stock an "equal weight" rating in a research note on Thursday, April 30th. Finally, SunTrust Banks lowered their price target on Pluralsight from $27.00 to $23.00 and set a "buy" rating on the stock in a research note on Thursday, April 30th. Two analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of "Buy" and an average price target of $20.88.
Shares of PS stock opened at $21.59 on Friday. The stock has a 50 day moving average of $15.01 and a 200 day moving average of $16.43. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 2.16. The stock has a market cap of $2.88 billion, a P/E ratio of -18.14 and a beta of 2.58. Pluralsight has a twelve month low of $6.59 and a twelve month high of $33.82.
Pluralsight (NASDAQ:PS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.04. The company had revenue of $92.65 million during the quarter, compared to analysts' expectations of $86.87 million. Pluralsight had a negative return on equity of 54.65% and a negative net margin of 38.07%. Pluralsight's quarterly revenue was up 33.1% on a year-over-year basis. During the same period last year, the business earned ($0.07) earnings per share. On average, research analysts predict that Pluralsight will post -1.13 earnings per share for the current fiscal year.
In other Pluralsight news, insider Matthew Forkner sold 11,046 shares of the business's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $9.81, for a total transaction of $108,361.26. Following the transaction, the insider now owns 193,538 shares of the company's stock, valued at $1,898,607.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leah C. Johnson sold 2,620 shares of the business's stock in a transaction on Friday, May 1st. The stock was sold at an average price of $15.77, for a total value of $41,317.40. Following the transaction, the director now directly owns 4,120 shares in the company, valued at approximately $64,972.40. The disclosure for this sale can be found here. Insiders own 21.79% of the company's stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. raised its position in Pluralsight by 1,542.1% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 2,299 shares of the company's stock valued at $25,000 after purchasing an additional 2,159 shares during the period. NumerixS Investment Technologies Inc purchased a new stake in Pluralsight in the fourth quarter valued at $36,000. Evoke Wealth LLC purchased a new stake in Pluralsight in the fourth quarter valued at $45,000. CFM Wealth Partners LLC purchased a new stake in Pluralsight in the fourth quarter valued at $78,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Pluralsight by 146.9% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,729 shares of the company's stock valued at $107,000 after purchasing an additional 5,789 shares during the period. 83.63% 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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12 Stocks Corporate Insiders are Abandoning
An insider trade occurs when a corporate executive (such as a CEO, CFO or COO) that has non-public information about a company buys or sells shares of that company's stock. Company insiders are required by law to regularly report their stock purchases and sales to the SEC.
Tracking a company's insider trades is a metric that can be used to identify the direction that the company's executives believes that the company is headed. If a number of insiders sell shares of their company, they may believe that the company will have weak future earnings and that the share price will decline in the near future.
For example, if Microsoft's CEO, CFO and COO all recently sold shares of Microsoft stock, that would be an indication that there could be unreported news that may negatively effect Microsoft's stock price in the near future.
This slideshow lists the 12 companies that have had the highest levels of insider buying within the last 180 days.
View the "12 Stocks Corporate Insiders are Abandoning".