Pluralsight Inc (NASDAQ:PS)’s stock price shot up 5.3% during mid-day trading on Wednesday . The stock traded as high as $17.04 and last traded at $16.90, 978,661 shares changed hands during mid-day trading. A decline of 50% from the average session volume of 1,954,210 shares. The stock had previously closed at $16.05.

A number of research analysts have commented on PS shares. Barrington Research restated a “buy” rating and set a $30.00 price target on shares of Pluralsight in a research note on Tuesday, September 3rd. Zacks Investment Research upgraded Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday. Citigroup dropped their target price on Pluralsight from $42.00 to $36.00 and set a “buy” rating for the company in a report on Friday, August 2nd. Needham & Company LLC dropped their target price on Pluralsight to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, KeyCorp cut their target price on Pluralsight from $28.00 to $25.00 and set an “overweight” rating for the company in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $28.05.

The firm has a market cap of $2.19 billion, a P/E ratio of -11.58 and a beta of 2.29. The company has a current ratio of 2.82, a quick ratio of 2.82 and a debt-to-equity ratio of 1.74. The company’s fifty day moving average price is $18.58 and its two-hundred day moving average price is $28.36.

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

In related news, insider Nate Walkingshaw sold 3,852 shares of Pluralsight stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $31.12, for a total value of $119,874.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Aaron Skonnard sold 84,594 shares of the company’s stock in a transaction dated Friday, July 26th. The stock was sold at an average price of $30.47, for a total transaction of $2,577,579.18. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 146,426 shares of company stock valued at $4,177,217. Company insiders own 23.19% of the company’s stock.

Large investors have recently modified their holdings of the business. Advisor Group Inc. raised its position in shares of Pluralsight by 2.8% during the second quarter. Advisor Group Inc. now owns 12,230 shares of the company’s stock worth $371,000 after acquiring an additional 328 shares during the last quarter. Neuburgh Advisers LLC increased its position in Pluralsight by 0.6% in the first quarter. Neuburgh Advisers LLC now owns 79,744 shares of the company’s stock worth $2,531,000 after purchasing an additional 480 shares during the period. Stephens Inc. AR increased its position in Pluralsight by 11.9% in the second quarter. Stephens Inc. AR now owns 7,399 shares of the company’s stock worth $224,000 after purchasing an additional 788 shares during the period. United Services Automobile Association raised its holdings in Pluralsight by 12.0% during the 2nd quarter. United Services Automobile Association now owns 8,460 shares of the company’s stock worth $257,000 after purchasing an additional 906 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Pluralsight during the 2nd quarter worth about $31,000. 78.52% of the stock is currently owned by hedge funds and other institutional investors.

About Pluralsight (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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