Pluralsight (NASDAQ:PS) Research Coverage Started at KeyCorp

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

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Farmers & Merchants Bancorp, Inc. (OH) from a hold rating to a strong sell rating in a report on Thursday, May 9th. Citigroup raised China Petroleum & Chemical from a neutral rating to a buy rating in a report on Tuesday, May 14th. Finally, Needham & Company LLC raised their price target on Alteryx to $108.00 and gave the company a buy rating in a report on Thursday, May 2nd. One 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. Pluralsight currently has an average rating of Buy and an average target price of $37.74.

Shares of PS traded up $0.08 during trading hours on Tuesday, reaching $30.79. 10,404 shares of the company’s stock traded hands, compared to its average volume of 1,545,590. The company has a market cap of $4.35 billion, a price-to-earnings ratio of -21.03 and a beta of 1.96. 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 twelve month low of $17.88 and a twelve month high of $38.37. The stock has a fifty day simple moving average of $31.15.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) EPS for the quarter, beating 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 firm’s revenue for the quarter was up 40.2% compared to the same quarter last year. On average, research analysts forecast that Pluralsight will post -0.98 earnings per share for the current fiscal year.

In related news, CFO James Budge sold 1,823 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $33.34, for a total value of $60,778.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Nate Walkingshaw sold 3,852 shares of the stock in a transaction on Monday, April 29th. The shares were sold at an average price of $34.43, for a total value of $132,624.36. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 182,795 shares of company stock worth $6,055,603. 23.19% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Daiwa Securities Group Inc. acquired a new position in shares of Pluralsight in the 1st quarter valued at $33,000. Parallel Advisors LLC acquired a new stake in Pluralsight during the 1st quarter worth about $33,000. Icon Wealth Partners LLC acquired a new stake in Pluralsight during the 1st quarter worth about $34,000. Rehmann Capital Advisory Group acquired a new stake in Pluralsight during the 1st quarter worth about $34,000. Finally, Tompkins Financial Corp acquired a new stake in Pluralsight during the 1st quarter worth about $37,000. Institutional investors and hedge funds own 77.21% of the company’s stock.

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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