Skillz (NYSE:SKLZ) Shares Down 5.1%
Skillz Inc. (NYSE:SKLZ)’s stock price traded down 5.1% during mid-day trading on Thursday . The company traded as low as $16.88 and last traded at $16.99. 124,641 shares were traded during trading, a decline of 99% from the average session volume of 10,577,431 shares. The stock had previously closed at $17.91.
SKLZ has been the topic of several analyst reports. Wedbush initiated coverage on Skillz in a report on Tuesday, January 12th. They issued an “outperform” rating on the stock. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell initiated coverage on shares of Skillz in a research note on Monday, January 11th. They issued a “buy” rating and a $27.00 price target on the stock. Zacks Investment Research lowered shares of Skillz from a “hold” rating to a “sell” rating in a research note on Wednesday, March 17th. Wells Fargo & Company started coverage on shares of Skillz in a research note on Friday, January 15th. They issued an “equal weight” rating and a $28.00 target price on the stock. Finally, Stifel Nicolaus reduced their price target on shares of Skillz from $30.00 to $28.00 in a research report on Thursday, March 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $29.50.
The company’s fifty day moving average price is $26.98.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of Skillz during the 4th quarter worth $30,000. US Bancorp DE bought a new position in Skillz in the 4th quarter worth $40,000. JPMorgan Chase & Co. bought a new position in Skillz in the 4th quarter worth $66,000. Ancora Advisors LLC purchased a new position in Skillz during the fourth quarter valued at $103,000. Finally, Stratos Wealth Partners LTD. bought a new stake in Skillz during the fourth quarter valued at about $344,000. 45.77% of the stock is owned by hedge funds and other institutional investors.
Skillz Company Profile (NYSE:SKLZ)
Skillz Inc operates a mobile games platform that connects players worldwide. Its platform hosts casual esports tournaments. The company was founded in 2012 and is headquartered in San Francisco, California.
Featured Article: What is a resistance level?
Receive News & Ratings for Skillz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skillz and related companies with MarketBeat.com's FREE daily email newsletter.