Pluralsight (NASDAQ:PS) PT Lowered to $36.00 at Citigroup

Pluralsight (NASDAQ:PS) had its price target reduced by investment analysts at Citigroup from $42.00 to $36.00 in a research report issued on Friday, BenzingaRatingsTable reports. The firm presently has a “buy” rating on the stock. Citigroup‘s target price suggests a potential upside of 89.87% from the stock’s previous close.

Several other analysts also recently commented on PS. KeyCorp decreased their target price on shares of Pluralsight from $40.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday. Needham & Company LLC decreased their target price on shares of Pluralsight to $36.00 and set a “buy” rating for the company in a research report on Thursday. SunTrust Banks decreased their target price on shares of Pluralsight to $27.00 and set a “buy” rating for the company in a research report on Thursday. Zacks Investment Research downgraded shares of Pluralsight from a “hold” rating to a “sell” rating in a report on Thursday, May 9th. Finally, Raymond James decreased their price objective on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a report on Thursday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $34.40.

Shares of NASDAQ:PS traded up $0.40 during trading on Friday, reaching $18.96. 227,501 shares of the company’s stock traded hands, compared to its average volume of 1,017,341. The company has a debt-to-equity ratio of 1.68, a current ratio of 3.79 and a quick ratio of 3.79. Pluralsight has a 12 month low of $17.88 and a 12 month high of $38.37. The company’s 50 day moving average is $30.66. The stock has a market cap of $4.40 billion, a PE ratio of -12.91 and a beta of 1.96.

Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.28) by ($0.04). The firm had revenue of $75.90 million for the quarter, compared to analyst estimates of $73.87 million. Pluralsight had a negative net margin of 31.50% and a negative return on equity of 51.53%. The firm’s revenue was up 41.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.21) EPS. On average, research analysts anticipate that Pluralsight will post -0.97 EPS for the current year.

In other Pluralsight news, CRO Joseph M. Dibartolomeo sold 1,938 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $33.44, for a total transaction of $64,806.72. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Nate Walkingshaw sold 3,851 shares of the stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $30.87, for a total transaction of $118,880.37. The disclosure for this sale can be found here. Insiders have sold a total of 133,994 shares of company stock valued at $4,118,332 in the last quarter. 23.19% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of PS. FIL Ltd bought a new position in shares of Pluralsight in the 1st quarter valued at about $94,480,000. First Trust Advisors LP boosted its stake in Pluralsight by 2,507.4% during the 2nd quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock worth $85,795,000 after acquiring an additional 2,721,132 shares during the last quarter. TimesSquare Capital Management LLC boosted its stake in Pluralsight by 87.6% during the 1st quarter. TimesSquare Capital Management LLC now owns 4,068,600 shares of the company’s stock worth $129,137,000 after acquiring an additional 1,899,315 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Pluralsight by 152.2% during the 1st quarter. JPMorgan Chase & Co. now owns 2,720,788 shares of the company’s stock worth $86,358,000 after acquiring an additional 1,642,071 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Pluralsight by 3,747.0% during the 1st quarter. Wells Fargo & Company MN now owns 1,322,146 shares of the company’s stock worth $41,965,000 after acquiring an additional 1,287,778 shares during the last quarter. 77.35% of the stock is currently owned by hedge funds and other institutional investors.

Pluralsight Company Profile

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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