Pluralsight Inc (PS) Expected to Post Earnings of -$0.11 Per Share

Equities research analysts forecast that Pluralsight Inc (NASDAQ:PS) will post earnings of ($0.11) per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Pluralsight’s earnings, with the highest EPS estimate coming in at ($0.09) and the lowest estimate coming in at ($0.14). The company is scheduled to report its next quarterly earnings results on Wednesday, January 23rd.

According to Zacks, analysts expect that Pluralsight will report full-year earnings of ($0.62) per share for the current financial year, with EPS estimates ranging from ($0.66) to ($0.60). For the next financial year, analysts forecast that the company will post earnings of ($0.30) per share, with EPS estimates ranging from ($0.35) to ($0.27). Zacks’ EPS averages are an average based on a survey of research analysts that that provide coverage for Pluralsight.

Pluralsight (NASDAQ:PS) last released its earnings results on Wednesday, October 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.06. The company had revenue of $61.55 million for the quarter, compared to analyst estimates of $57.57 million.

Several analysts recently weighed in on PS shares. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a research note on Friday, December 14th. Robert W. Baird started coverage on Pluralsight in a research note on Wednesday, November 28th. They issued an “outperform” rating and a $22.38 price objective on the stock. Bank of America reduced their price objective on Pluralsight from $36.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 25th. Finally, Raymond James reduced their price objective on Pluralsight from $36.00 to $28.00 and set an “outperform” rating on the stock in a research note on Thursday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $34.93.

NASDAQ:PS opened at $27.46 on Friday. Pluralsight has a twelve month low of $17.88 and a twelve month high of $38.37.

In other news, CEO Aaron Skonnard sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $22.14, for a total transaction of $553,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Nate Walkingshaw sold 45,625 shares of the firm’s stock in a transaction dated 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 656,834 shares of company stock worth $15,260,786 over the last three months.

Several institutional investors and hedge funds have recently modified their holdings of PS. Legal & General Group Plc bought a new position in shares of Pluralsight during the second quarter worth about $110,000. Bank of Montreal Can increased its holdings in Pluralsight by 164.6% in the third quarter. Bank of Montreal Can now owns 5,028 shares of the company’s stock worth $161,000 after purchasing an additional 3,128 shares in the last quarter. Domini Impact Investments LLC bought a new stake in Pluralsight in the third quarter worth approximately $239,000. Wells Fargo & Company MN increased its holdings in Pluralsight by 10,170.0% in the third quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock worth $329,000 after purchasing an additional 10,170 shares in the last quarter. Finally, Bank of New York Mellon Corp bought a new stake in Pluralsight in the second quarter worth approximately $331,000. Institutional investors own 53.36% of the company’s stock.

About Pluralsight

Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill 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 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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