Equities research analysts expect Pluralsight Inc (NASDAQ:PS) to report sales of $95.32 million for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have made estimates for Pluralsight’s earnings. The highest sales estimate is $95.84 million and the lowest is $93.71 million. Pluralsight posted sales of $82.62 million in the same quarter last year, which suggests a positive year over year growth rate of 15.4%. The firm is expected to issue its next earnings report on Wednesday, November 4th.

According to Zacks, analysts expect that Pluralsight will report full-year sales of $382.81 million for the current year, with estimates ranging from $382.18 million to $383.61 million. For the next financial year, analysts expect that the business will report sales of $447.31 million, with estimates ranging from $438.86 million to $461.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Pluralsight.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, July 29th. The company reported ($0.27) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.03. The business had revenue of $94.77 million for the quarter, compared to analyst estimates of $88.23 million. Pluralsight had a negative return on equity of 57.32% and a negative net margin of 36.22%. The company’s revenue was up 24.9% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.06) earnings per share.

PS has been the topic of several research reports. SunTrust Banks raised their price objective on Pluralsight from $23.00 to $24.00 and gave the stock a “buy” rating in a report on Thursday, July 30th. BidaskClub lowered Pluralsight from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 9th. Morgan Stanley raised their price objective on Pluralsight from $19.00 to $20.00 and gave the stock an “equal weight” rating in a report on Thursday, July 30th. Barrington Research reaffirmed an “outperform” rating and set a $24.00 price objective (up previously from $20.00) on shares of Pluralsight in a report on Thursday, July 30th. Finally, BTIG Research initiated coverage on Pluralsight in a report on Monday, October 5th. They set a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $22.54.

In related news, insider Matthew Forkner sold 8,703 shares of the firm’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $16.76, for a total value of $145,862.28. Following the completion of the sale, the insider now owns 160,215 shares in the company, valued at $2,685,203.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy I. Maudlin sold 30,000 shares of the firm’s stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $20.89, for a total transaction of $626,700.00. Following the completion of the sale, the director now owns 11,632 shares of the company’s stock, valued at approximately $242,992.48. The disclosure for this sale can be found here. Insiders have sold 100,203 shares of company stock valued at $2,066,702 in the last quarter. Insiders own 21.79% of the company’s stock.

A number of large investors have recently made changes to their positions in PS. Fir Tree Capital Management LP acquired a new stake in shares of Pluralsight during the 2nd quarter valued at approximately $15,705,000. ArrowMark Colorado Holdings LLC lifted its position in shares of Pluralsight by 131.5% during the 1st quarter. ArrowMark Colorado Holdings LLC now owns 8,946,540 shares of the company’s stock valued at $98,233,000 after acquiring an additional 5,082,219 shares during the period. Tensile Capital Management LLC acquired a new stake in shares of Pluralsight during the 1st quarter valued at approximately $11,838,000. Kornitzer Capital Management Inc. KS lifted its position in shares of Pluralsight by 148.3% during the 2nd quarter. Kornitzer Capital Management Inc. KS now owns 1,342,088 shares of the company’s stock valued at $24,225,000 after acquiring an additional 801,523 shares during the period. Finally, Vanguard Group Inc. lifted its position in shares of Pluralsight by 9.9% during the 2nd quarter. Vanguard Group Inc. now owns 8,371,880 shares of the company’s stock valued at $151,113,000 after acquiring an additional 756,777 shares during the period. Hedge funds and other institutional investors own 81.96% of the company’s stock.

NASDAQ:PS opened at $18.90 on Wednesday. The business’s fifty day moving average price is $17.78 and its 200 day moving average price is $17.63. The firm has a market capitalization of $2.73 billion, a PE ratio of -16.15 and a beta of 2.44. Pluralsight has a 12 month low of $6.59 and a 12 month high of $22.69. The company has a debt-to-equity ratio of 2.20, a current ratio of 1.84 and a quick ratio of 1.84.

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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Earnings History and Estimates for Pluralsight (NASDAQ:PS)

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