Pluralsight (NASDAQ:PS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, Zacks.com reports.

According to Zacks, “Pluralsight Inc. is an enterprise technology learning platform. It offers online training courses for professional developers, IT admins and creative artists. The company serves individuals and businesses, as well as academic and government sectors. Pluralsight Inc. is based in Utah, United States. “

Several other research firms also recently commented on PS. KeyCorp reduced their price objective on Pluralsight from $40.00 to $28.00 and set an “overweight” rating on the stock in a report on Thursday, August 1st. SunTrust Banks reduced their price objective on Pluralsight to $27.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Barrington Research restated a “buy” rating and set a $30.00 price objective on shares of Pluralsight in a report on Tuesday, September 3rd. Bank of America reduced their price objective on Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a report on Thursday, August 29th. Finally, Citigroup reduced their price objective on Pluralsight from $42.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, August 2nd. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $28.05.

Shares of NASDAQ PS traded down $0.43 during midday trading on Wednesday, hitting $16.83. The company’s stock had a trading volume of 600,493 shares, compared to its average volume of 2,306,862. 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 business’s 50 day moving average is $18.58 and its two-hundred day moving average is $28.36. Pluralsight has a 12-month low of $14.84 and a 12-month high of $37.36. The firm has a market cap of $2.25 billion, a P/E ratio of -11.53 and a beta of 2.29.

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

In other Pluralsight news, CEO Aaron Skonnard sold 84,594 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $30.47, for a total transaction of $2,577,579.18. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Nate Walkingshaw sold 29,579 shares of the stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $30.81, for a total value of $911,328.99. The disclosure for this sale can be found here. Insiders have sold a total of 146,426 shares of company stock worth $4,177,217 in the last ninety days. Insiders own 23.19% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Advisor Group Inc. boosted its position in shares of Pluralsight by 2.8% in the 2nd quarter. Advisor Group Inc. now owns 12,230 shares of the company’s stock worth $371,000 after purchasing an additional 328 shares in the last quarter. Neuburgh Advisers LLC boosted its position in shares of Pluralsight by 0.6% in the 1st quarter. Neuburgh Advisers LLC now owns 79,744 shares of the company’s stock worth $2,531,000 after purchasing an additional 480 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Pluralsight by 11.9% in the 2nd quarter. Stephens Inc. AR now owns 7,399 shares of the company’s stock worth $224,000 after purchasing an additional 788 shares in the last quarter. United Services Automobile Association boosted its position in shares of Pluralsight by 12.0% in 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 in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Pluralsight in the 2nd quarter worth $31,000. 78.52% of the stock is owned by hedge funds and other institutional investors.

Pluralsight Company Profile

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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