SunTrust Banks Trims Pluralsight (NASDAQ:PS) Target Price to $27.00

Pluralsight (NASDAQ:PS) had its target price reduced by SunTrust Banks to $27.00 in a research report sent to investors on Thursday morning, The Fly reports. They currently have a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Pluralsight from a hold rating to a sell rating in a research note on Thursday, May 9th. KeyCorp dropped their price objective on shares of Pluralsight from $40.00 to $28.00 and set an overweight rating on the stock in a research note on Thursday. Raymond James dropped their price objective on shares of Pluralsight from $39.00 to $26.00 and set an outperform rating on the stock in a research note on Thursday. Needham & Company LLC dropped their price objective on shares of Pluralsight to $36.00 and set a buy rating on the stock in a research note on Thursday. Finally, Citigroup began coverage on shares of Pluralsight in a research note on Tuesday, May 14th. They set a buy rating and a $42.00 price objective on the stock. One equities 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. Pluralsight has a consensus rating of Buy and a consensus price target of $34.40.

Shares of PS traded up $0.06 during trading hours on Thursday, reaching $18.62. 7,664,152 shares of the company traded hands, compared to its average volume of 2,250,084. The firm has a fifty day moving average price of $30.43. The stock has a market cap of $2.57 billion, a P/E ratio of -12.75 and a beta of 1.96. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.82 and a quick ratio of 3.79. Pluralsight has a 12 month low of $17.88 and a 12 month high of $38.37.

Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The company had revenue of $75.90 million for the quarter, compared to the consensus estimate of $73.87 million. Pluralsight had a negative net margin of 28.32% and a negative return on equity of 47.43%. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.21) EPS. Equities analysts anticipate that Pluralsight will post -0.97 earnings per share for the current fiscal year.

In related news, insider Nate Walkingshaw sold 3,852 shares of the business’s stock in a transaction dated Monday, July 22nd. The shares were sold at an average price of $29.73, for a total transaction of $114,519.96. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Aaron Skonnard sold 84,594 shares of the business’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $30.47, for a total transaction of $2,577,579.18. The disclosure for this sale can be found here. Insiders have sold 133,994 shares of company stock worth $4,118,332 in the last three months. 23.19% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Daiwa Securities Group Inc. bought a new position in shares of Pluralsight in the first quarter worth approximately $33,000. Parallel Advisors LLC bought a new position in shares of Pluralsight in the first quarter worth approximately $33,000. Icon Wealth Partners LLC bought a new position in shares of Pluralsight in the first quarter worth approximately $34,000. Rehmann Capital Advisory Group bought a new position in shares of Pluralsight in the first quarter worth approximately $34,000. Finally, Tompkins Financial Corp bought a new position in shares of Pluralsight in the first quarter worth approximately $37,000. 77.35% of the stock is currently owned by institutional investors and hedge funds.

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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The Fly

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