Pluralsight (NASDAQ:PS) Hits New 12-Month Low at $15.78

Pluralsight Inc (NASDAQ:PS) hit a new 52-week low during trading on Monday . The company traded as low as $15.78 and last traded at $15.78, with a volume of 1190988 shares changing hands. The stock had previously closed at $16.63.

PS has been the topic of several recent research reports. Zacks Investment Research lowered Pluralsight from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Barrington Research initiated coverage on Pluralsight in a research report on Monday, July 22nd. They issued an “outperform” rating and a $40.00 price objective on the stock. Needham & Company LLC lowered their price objective on Pluralsight to $36.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Citigroup lowered their price objective on Pluralsight from $42.00 to $36.00 and set a “buy” rating on the stock in a research report on Friday, August 2nd. Finally, SunTrust Banks lowered their price objective on Pluralsight to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $34.40.

The business’s 50 day simple moving average is $27.56. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $2.35 billion, a PE ratio of -10.88 and a beta of 1.96.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.28) by ($0.04). Pluralsight had a negative net margin of 28.32% and a negative return on equity of 47.43%. The firm had revenue of $75.90 million during the quarter, compared to analyst estimates of $73.87 million. During the same period in the prior year, the company posted ($0.21) earnings per share. The firm’s revenue for the quarter was up 41.6% compared to the same quarter last year. On average, equities research analysts forecast that Pluralsight Inc will post -1.02 EPS for the current fiscal year.

In related news, insider Nate Walkingshaw sold 3,852 shares of the firm’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $33.42, for a total transaction of $128,733.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO James Budge sold 1,823 shares of the firm’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $33.34, for a total value of $60,778.82. The disclosure for this sale can be found here. Insiders sold a total of 142,495 shares of company stock valued at $4,228,330 over the last ninety days. Corporate insiders own 23.19% of the company’s stock.

Large investors have recently modified their holdings of the stock. Quantamental Technologies LLC purchased a new position in Pluralsight during the 2nd quarter valued at about $31,000. Daiwa Securities Group Inc. purchased a new position in Pluralsight during the 1st quarter valued at about $33,000. Parallel Advisors LLC purchased a new position in Pluralsight during the 1st quarter valued at about $33,000. Icon Wealth Partners LLC purchased a new position in Pluralsight during the 1st quarter valued at about $34,000. Finally, Rehmann Capital Advisory Group purchased a new position in Pluralsight during the 1st quarter valued at about $34,000. 77.39% of the stock is owned by hedge funds and other institutional investors.

Pluralsight Company Profile (NASDAQ:PS)

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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