Pluralsight (NASDAQ:PS) Research Coverage Started at KeyCorp

KeyCorp began coverage on shares of Pluralsight (NASDAQ:PS) in a research note published on Tuesday morning, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $40.00 price target on the stock.

A number of other research firms have also commented on PS. Citigroup raised China Petroleum & Chemical from a neutral rating to a buy rating in a research note on Tuesday, May 14th. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a research note on Thursday, May 9th. Finally, Needham & Company LLC boosted their price objective on Alteryx to $108.00 and gave the stock a buy rating in a research note on Thursday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $37.74.

Pluralsight stock traded up $0.08 on Tuesday, reaching $30.79. The company’s stock had a trading volume of 10,404 shares, compared to its average volume of 1,545,590. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79. The stock has a market capitalization of $4.35 billion, a P/E ratio of -21.03 and a beta of 1.96. The company’s fifty day moving average is $31.15. Pluralsight has a twelve month low of $17.88 and a twelve month high of $38.37.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, topping analysts’ consensus estimates of ($0.09) by $0.02. The company had revenue of $69.60 million for the quarter, compared to analyst estimates of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The company’s quarterly revenue was up 40.2% on a year-over-year basis. As a group, equities research analysts forecast that Pluralsight will post -0.98 earnings per share for the current year.

In other news, CEO Aaron Skonnard sold 133,395 shares of the company’s stock in a transaction dated Friday, April 26th. The stock was sold at an average price of $33.71, for a total transaction of $4,496,745.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Nate Walkingshaw sold 3,852 shares of the company’s stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $31.12, for a total value of $119,874.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 182,795 shares of company stock valued at $6,055,603. 23.19% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. FIL Ltd bought a new position in Pluralsight during the 1st quarter worth $94,480,000. Riverbridge Partners LLC bought a new stake in Pluralsight in the 1st quarter valued at about $72,669,000. TimesSquare Capital Management LLC increased its position in Pluralsight by 87.6% in the 1st quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock valued at $129,137,000 after buying an additional 1,899,315 shares in the last quarter. JPMorgan Chase & Co. increased its position in Pluralsight by 152.2% in the 1st quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock valued at $86,358,000 after buying an additional 1,642,071 shares in the last quarter. Finally, Wells Fargo & Company MN increased its position in Pluralsight by 3,747.0% in the 1st quarter. Wells Fargo & Company MN now owns 1,322,146 shares of the company’s stock valued at $41,965,000 after buying an additional 1,287,778 shares in the last quarter. 77.21% of the stock is owned by institutional investors.

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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Analyst Recommendations for Pluralsight (NASDAQ:PS)

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