Equities research analysts expect Pluralsight Inc (NASDAQ:PS) to report $57.57 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Pluralsight’s earnings, with the lowest sales estimate coming in at $57.49 million and the highest estimate coming in at $57.70 million. The business is expected to report its next earnings report on Wednesday, November 7th.

On average, analysts expect that Pluralsight will report full-year sales of $223.83 million for the current fiscal year, with estimates ranging from $223.36 million to $224.20 million. For the next year, analysts forecast that the firm will report sales of $299.37 million per share, with estimates ranging from $294.97 million to $305.12 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Pluralsight.

Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, August 1st. The company reported ($0.21) EPS for the quarter, beating the consensus estimate of ($0.28) by $0.07. The company had revenue of $53.60 million for the quarter, compared to analysts’ expectations of $50.83 million. The firm’s revenue for the quarter was up 37.8% compared to the same quarter last year.

Several equities research analysts have recently commented on PS shares. JPMorgan Chase & Co. started coverage on Pluralsight in a report on Monday, June 11th. They set an “overweight” rating and a $33.00 target price for the company. Barclays started coverage on Pluralsight in a report on Monday, June 11th. They set an “overweight” rating and a $30.00 target price for the company. First Analysis started coverage on Pluralsight in a report on Monday, June 11th. They set an “overweight” rating and a $33.00 target price for the company. Needham & Company LLC started coverage on Pluralsight in a report on Monday, June 11th. They set a “buy” rating and a $29.00 target price for the company. Finally, Bank of America started coverage on Pluralsight in a report on Monday, June 11th. They set a “neutral” rating and a $28.00 target price for the company. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $38.00.

Shares of NASDAQ PS traded down $0.45 during mid-day trading on Friday, hitting $36.05. 528,700 shares of the company traded hands, compared to its average volume of 659,678. Pluralsight has a 1 year low of $19.25 and a 1 year high of $38.37.

A number of institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in Pluralsight in the 2nd quarter worth about $110,000. Scge Management L.P. purchased a new stake in Pluralsight in the 2nd quarter worth about $245,000. Bank of New York Mellon Corp purchased a new stake in Pluralsight in the 2nd quarter worth about $331,000. Point72 Asset Management L.P. purchased a new stake in Pluralsight in the 2nd quarter worth about $449,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Pluralsight in the 2nd quarter worth about $473,000. 50.51% of the stock is owned by hedge funds and other institutional investors.

Pluralsight Company Profile

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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