-$0.09 EPS Expected for Pluralsight Inc (PS) This Quarter

Analysts expect Pluralsight Inc (NASDAQ:PS) to report earnings of ($0.09) per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Pluralsight’s earnings, with estimates ranging from ($0.09) to ($0.08). The company is expected to announce its next earnings report on Wednesday, May 8th.

On average, analysts expect that Pluralsight will report full year earnings of ($0.28) per share for the current year, with EPS estimates ranging from ($0.29) to ($0.27). For the next financial year, analysts expect that the firm will report earnings of ($0.09) per share, with EPS estimates ranging from ($0.18) to ($0.04). Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that cover Pluralsight.

Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, February 13th. The company reported ($0.36) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.14). Pluralsight had a negative net margin of 36.06% and a negative return on equity of 246.61%. The business had revenue of $67.26 million during the quarter, compared to analysts’ expectations of $65.76 million. During the same period in the previous year, the business earned ($0.53) EPS. The business’s revenue was up 41.9% on a year-over-year basis.

PS has been the topic of several recent research reports. Bank of America increased their price objective on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research report on Thursday, February 14th. Zacks Investment Research upgraded Pluralsight from a “sell” rating to a “hold” rating in a research report on Thursday, December 20th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pluralsight currently has an average rating of “Buy” and a consensus price target of $35.26.

In related news, CEO Aaron Skonnard sold 74,600 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The stock was sold at an average price of $26.06, for a total transaction of $1,944,076.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Nate Walkingshaw sold 45,625 shares of the firm’s stock in a transaction that occurred on Wednesday, January 2nd. The stock was sold at an average price of $22.70, for a total value of $1,035,687.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,197,342 shares of company stock worth $261,059,346 over the last quarter. Corporate insiders own 23.19% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in Pluralsight by 9.9% during the 4th quarter. Geode Capital Management LLC now owns 253,067 shares of the company’s stock worth $5,959,000 after acquiring an additional 22,748 shares during the last quarter. Norges Bank bought a new position in Pluralsight during the 4th quarter worth approximately $1,506,000. Millennium Management LLC grew its position in Pluralsight by 154.4% during the 4th quarter. Millennium Management LLC now owns 158,325 shares of the company’s stock worth $3,729,000 after acquiring an additional 96,080 shares during the last quarter. Ashford Capital Management Inc. grew its position in Pluralsight by 77.4% during the 4th quarter. Ashford Capital Management Inc. now owns 547,460 shares of the company’s stock worth $12,893,000 after acquiring an additional 238,880 shares during the last quarter. Finally, Vista Equity Partners Management LLC grew its position in Pluralsight by 189.6% during the 4th quarter. Vista Equity Partners Management LLC now owns 670,477 shares of the company’s stock worth $15,790,000 after acquiring an additional 438,998 shares during the last quarter. Institutional investors and hedge funds own 67.11% of the company’s stock.

Shares of NASDAQ:PS traded up $0.70 on Friday, hitting $31.74. The company’s stock had a trading volume of 1,697,470 shares, compared to its average volume of 1,592,575. Pluralsight has a 1 year low of $17.88 and a 1 year high of $38.37. The stock has a market cap of $4.23 billion and a P/E ratio of -21.74.

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.

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