Brokerages Set Pluralsight Inc (NASDAQ:PS) Price Target at $34.40

Shares of Pluralsight Inc (NASDAQ:PS) have been given an average recommendation of “Buy” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $34.40.

Several brokerages have recently weighed in on PS. KeyCorp decreased their price objective on Pluralsight from $40.00 to $28.00 and set an “overweight” rating for the company in a report on Thursday, August 1st. Needham & Company LLC decreased their price objective on Pluralsight to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Barrington Research began coverage on Pluralsight in a report on Monday, July 22nd. They issued an “outperform” rating and a $40.00 price objective for the company. SunTrust Banks decreased their price objective on Pluralsight to $27.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Zacks Investment Research cut Pluralsight from a “hold” rating to a “sell” rating in a report on Thursday, May 9th.

PS stock traded up $0.06 during trading hours on Friday, reaching $15.69. 2,687,800 shares of the stock were exchanged, compared to its average volume of 3,478,427. The company has a market cap of $2.29 billion, a price-to-earnings ratio of -10.75 and a beta of 1.96. The firm’s 50-day moving average is $26.47 and its 200-day moving average is $30.28. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.82 and a quick ratio of 2.82. Pluralsight has a 12 month low of $15.48 and a 12 month high of $38.37.

Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.04). The company had revenue of $75.90 million during 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%. Pluralsight’s revenue was up 41.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.21) EPS. As a group, equities research analysts forecast that Pluralsight will post -1.02 earnings per share for the current year.

In other Pluralsight news, CRO Joseph M. Dibartolomeo sold 1,938 shares of the firm’s stock in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy I. Maudlin acquired 30,000 shares of the business’s stock in a transaction on Friday, August 9th. The shares were bought at an average price of $16.58 per share, with a total value of $497,400.00. The disclosure for this purchase can be found here. Insiders have sold 142,495 shares of company stock valued at $4,228,330 in the last quarter. 23.19% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. lifted its position in Pluralsight by 31.5% during the second quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock worth $197,164,000 after acquiring an additional 1,558,996 shares during the last quarter. TimesSquare Capital Management LLC lifted its position in Pluralsight by 38.6% during the second quarter. TimesSquare Capital Management LLC now owns 5,640,285 shares of the company’s stock worth $171,013,000 after acquiring an additional 1,571,685 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Pluralsight by 65.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,986,019 shares of the company’s stock worth $151,176,000 after acquiring an additional 1,977,794 shares during the last quarter. BlackRock Inc. lifted its position in Pluralsight by 14.0% during the second quarter. BlackRock Inc. now owns 3,726,175 shares of the company’s stock worth $112,979,000 after acquiring an additional 458,958 shares during the last quarter. Finally, FIL Ltd acquired a new stake in Pluralsight during the first quarter worth approximately $94,480,000. Hedge funds and other institutional investors own 81.93% of the company’s stock.

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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