Skillz Inc. (NYSE:SKLZ - Get Free Report)'s share price shot up 2.7% on Monday . The company traded as high as $6.90 and last traded at $6.86. 83,788 shares were traded during trading, an increase of 2% from the average session volume of 82,467 shares. The stock had previously closed at $6.68.
Wall Street Analysts Forecast Growth
A number of brokerages have recently commented on SKLZ. Wall Street Zen raised Skillz from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wedbush reissued an "outperform" rating and issued a $15.00 price target on shares of Skillz in a research note on Friday, March 14th.
View Our Latest Stock Report on Skillz
Skillz Trading Up 2.7%
The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.63. The business's fifty day moving average is $5.98 and its 200-day moving average is $5.55. The stock has a market capitalization of $119.57 million, a PE ratio of -3.15 and a beta of 2.76.
Skillz (NYSE:SKLZ - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.92) earnings per share for the quarter, beating analysts' consensus estimates of ($1.09) by $0.17. The company had revenue of $22.41 million for the quarter, compared to analyst estimates of $21.57 million. Skillz had a negative net margin of 39.33% and a negative return on equity of 35.10%. As a group, analysts anticipate that Skillz Inc. will post -4.35 EPS for the current fiscal year.
Institutional Investors Weigh In On Skillz
A number of institutional investors have recently added to or reduced their stakes in the company. Occudo Quantitative Strategies LP purchased a new position in shares of Skillz in the 4th quarter worth about $57,000. Vista Cima Wealth Management LLC purchased a new position in Skillz in the first quarter valued at approximately $67,000. LPL Financial LLC acquired a new position in Skillz during the fourth quarter valued at approximately $74,000. BNP Paribas Financial Markets acquired a new position in Skillz during the fourth quarter valued at approximately $78,000. Finally, Acadian Asset Management LLC purchased a new stake in Skillz during the first quarter worth approximately $80,000. Hedge funds and other institutional investors own 19.42% of the company's stock.
About Skillz
(
Get Free Report)
Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.
Further Reading
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