Shares of Pluralsight Inc (NASDAQ:PS) have earned a consensus rating of “Buy” from the twelve brokerages that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $37.74.

PS has been the topic of several research reports. Zacks Investment Research cut Farmers & Merchants Bancorp, Inc. (OH) from a “hold” rating to a “strong sell” rating in a report on Thursday, May 9th. Needham & Company LLC upped their price target on Alteryx to $108.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. KeyCorp initiated coverage on Pluralsight in a report on Tuesday, July 16th. They issued an “overweight” rating and a $40.00 price target on the stock. Finally, Citigroup raised China Petroleum & Chemical from a “neutral” rating to a “buy” rating in a report on Tuesday, May 14th.

In other Pluralsight news, CEO Aaron Skonnard sold 133,395 shares of the business’s stock in a transaction on Friday, April 26th. The shares were sold at an average price of $33.71, for a total transaction of $4,496,745.45. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Nate Walkingshaw sold 3,852 shares of the business’s stock in a transaction on Monday, April 29th. The shares were sold at an average price of $34.43, for a total transaction of $132,624.36. The disclosure for this sale can be found here. Over the last three months, insiders have sold 182,795 shares of company stock worth $6,055,603. Company insiders own 23.19% of the company’s stock.

Several institutional investors have recently bought and sold shares of PS. Daiwa Securities Group Inc. purchased a new position in shares of Pluralsight during the 1st quarter valued at $33,000. Parallel Advisors LLC purchased a new position in shares of Pluralsight during the 1st quarter valued at $33,000. Icon Wealth Partners LLC purchased a new position in shares of Pluralsight during the 1st quarter valued at $34,000. Rehmann Capital Advisory Group purchased a new position in shares of Pluralsight during the 1st quarter valued at $34,000. Finally, Tompkins Financial Corp purchased a new position in shares of Pluralsight during the 1st quarter valued at $37,000. Institutional investors and hedge funds own 77.21% of the company’s stock.

Shares of NASDAQ PS traded down $1.14 during trading on Tuesday, hitting $29.57. The company had a trading volume of 1,369,579 shares, compared to its average volume of 1,513,967. The company has a market cap of $4.09 billion, a P/E ratio of -20.25 and a beta of 1.96. Pluralsight has a 52 week low of $17.88 and a 52 week high of $38.37. The firm has a 50-day moving average of $31.07. The company has a debt-to-equity ratio of 1.68, a quick ratio of 3.79 and a current ratio of 3.79.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings results on Wednesday, May 1st. The company reported ($0.07) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The company had revenue of $69.60 million for the quarter, compared to analysts’ expectations of $68.31 million. Pluralsight had a negative return on equity of 51.53% and a negative net margin of 31.50%. The business’s quarterly revenue was up 40.2% compared to the same quarter last year. As a group, equities research analysts expect that Pluralsight will post -0.97 earnings per share for the current fiscal year.

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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