Pluralsight Inc (PS) Short Interest Update
Pluralsight Inc (NASDAQ:PS) was the recipient of a large drop in short interest in February. As of February 28th, there was short interest totalling 2,148,108 shares, a drop of 29.9% from the February 15th total of 3,065,445 shares. Based on an average daily volume of 1,396,065 shares, the days-to-cover ratio is currently 1.5 days. Currently, 5.0% of the company’s shares are short sold.
PS has been the topic of several research analyst reports. Bank of America lifted their target price on Pluralsight from $32.00 to $35.00 and gave the company a “neutral” rating in a research note on Thursday, February 14th. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a research note on Thursday, December 20th. Finally, Robert W. Baird initiated coverage on Pluralsight in a research note on Wednesday, November 28th. They set an “outperform” rating and a $22.38 target price on the stock. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Pluralsight presently has an average rating of “Buy” and a consensus target price of $35.26.
In related news, major shareholder Insight Holdings Group, Llc sold 7,943,182 shares of Pluralsight stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $28.37, for a total value of $225,348,073.34. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nate Walkingshaw sold 45,625 shares of Pluralsight 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 sold a total of 9,193,491 shares of company stock worth $260,944,433 in the last three months.
Shares of NASDAQ PS opened at $29.02 on Friday. The company has a market capitalization of $4.01 billion and a P/E ratio of -19.88. Pluralsight has a 52 week low of $17.88 and a 52 week high of $38.37.
Pluralsight (NASDAQ:PS) last announced its quarterly earnings results on Wednesday, February 13th. The company reported ($0.36) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.14). The firm had revenue of $67.26 million during the quarter, compared to the consensus estimate of $65.76 million. Pluralsight had a negative net margin of 36.06% and a negative return on equity of 246.61%. The company’s quarterly revenue was up 41.9% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.53) EPS. On average, research analysts expect that Pluralsight will post -0.79 earnings per share for the current year.
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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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