Shares of Pluralsight Inc (NASDAQ:PS) have earned an average recommendation of “Buy” from the eight research firms that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $39.71.
Several equities analysts have issued reports on the company. First Analysis reiterated a “positive” rating and issued a $45.00 price objective on shares of Pluralsight in a research report on Friday, September 7th. SunTrust Banks lifted their price objective on Pluralsight to $40.00 and gave the company a “buy” rating in a research report on Thursday, September 6th. Raymond James lifted their target price on Pluralsight from $30.00 to $36.00 and gave the company an “outperform” rating in a research note on Thursday, August 30th. JPMorgan Chase & Co. lifted their target price on Pluralsight to $44.00 and gave the company an “overweight” rating in a research note on Thursday, August 30th. Finally, Bank of America lifted their target price on Pluralsight from $30.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, August 30th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Northern Trust Corp acquired a new stake in shares of Pluralsight during the second quarter worth $1,026,000. Bank of New York Mellon Corp acquired a new stake in shares of Pluralsight during the second quarter worth $331,000. Public Employees Retirement System of Ohio acquired a new stake in shares of Pluralsight during the second quarter worth $473,000. Davidson Kempner Capital Management LP acquired a new stake in shares of Pluralsight during the second quarter worth $1,308,000. Finally, Scge Management L.P. acquired a new stake in shares of Pluralsight during the second quarter worth $245,000. 50.51% of the stock is owned by institutional investors.
PS traded up $0.45 during trading on Wednesday, hitting $31.99. The company’s stock had a trading volume of 632,600 shares, compared to its average volume of 652,464. Pluralsight has a 12 month low of $19.25 and a 12 month high of $38.37.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, August 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.28) by $0.07. The business had revenue of $53.60 million during the quarter, compared to the consensus estimate of $50.83 million. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. equities research analysts forecast that Pluralsight will post -0.94 earnings per share for the current year.
Pluralsight Company Profile
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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