Skillz Inc. (NYSE:SKLZ - Get Free Report)'s stock price rose 0% on Thursday . The stock traded as high as $8.52 and last traded at $8.46. Approximately 50,892 shares changed hands during trading, a decline of 58% from the average daily volume of 121,637 shares. The stock had previously closed at $8.46.
Analyst Upgrades and Downgrades
SKLZ has been the topic of several research analyst reports. Wall Street Zen raised shares of Skillz from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Wedbush reissued an "outperform" rating and set a $15.00 target price on shares of Skillz in a research report on Monday, August 4th. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and an average target price of $15.00.
Read Our Latest Analysis on SKLZ
Skillz Trading Down 0.7%
The firm's fifty day moving average price is $7.56 and its 200 day moving average price is $6.15. The firm has a market capitalization of $153.04 million, a PE ratio of -2.09 and a beta of 2.80.
Skillz (NYSE:SKLZ - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($1.12) EPS for the quarter, beating the consensus estimate of ($1.34) by $0.22. Skillz had a negative net margin of 75.38% and a negative return on equity of 39.99%. The business had revenue of $27.37 million for the quarter, compared to the consensus estimate of $22.80 million. On average, analysts predict that Skillz Inc. will post -4.35 earnings per share for the current year.
Hedge Funds Weigh In On Skillz
Large investors have recently made changes to their positions in the company. BNP Paribas Financial Markets acquired a new position in shares of Skillz in the 4th quarter valued at $78,000. Two Sigma Advisers LP lifted its stake in shares of Skillz by 144.1% in the 4th quarter. Two Sigma Advisers LP now owns 27,610 shares of the company's stock valued at $139,000 after purchasing an additional 16,300 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Skillz by 136.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,823 shares of the company's stock valued at $145,000 after purchasing an additional 16,622 shares during the period. Jane Street Group LLC acquired a new position in shares of Skillz in the 4th quarter valued at $132,000. Finally, LPL Financial LLC acquired a new position in shares of Skillz in the 4th quarter valued at $74,000. 19.42% of the stock is currently owned by institutional investors and hedge funds.
Skillz Company Profile
(
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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.
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