Skillz (NYSE:SKLZ) Rating Reiterated by Wedbush

Wedbush restated their outperform rating on shares of Skillz (NYSE:SKLZ) in a research note published on Friday morning, Benzinga reports. The firm currently has a $15.00 target price on the stock. Wedbush also issued estimates for Skillz’s Q1 2026 earnings at ($0.56) EPS and Q2 2026 earnings at ($0.87) EPS.

Separately, Jefferies Financial Group dropped their price objective on Skillz from $7.00 to $6.50 and set a hold rating for the company in a research report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $10.25.

Skillz Stock Down 1.1 %

Shares of NYSE:SKLZ traded down $0.07 during midday trading on Friday, hitting $6.06. The stock had a trading volume of 51,002 shares, compared to its average volume of 137,673. The company has a market capitalization of $129.97 million, a P/E ratio of -1.20 and a beta of 2.78. The company’s 50-day moving average price is $6.73 and its 200-day moving average price is $6.46. Skillz has a fifty-two week low of $3.96 and a fifty-two week high of $10.66.

Skillz (NYSE:SKLZ) last announced its quarterly earnings data on Thursday, August 1st. The company reported ($0.57) EPS for the quarter, beating the consensus estimate of ($1.36) by $0.79. The business had revenue of $25.30 million during the quarter, compared to the consensus estimate of $26.64 million. Skillz had a negative net margin of 47.40% and a negative return on equity of 40.12%. During the same period in the previous year, the business earned ($1.62) earnings per share. Research analysts expect that Skillz will post -5.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Trexquant Investment LP grew its position in Skillz by 82.4% during the 4th quarter. Trexquant Investment LP now owns 121,587 shares of the company’s stock worth $759,000 after acquiring an additional 54,930 shares during the last quarter. Price T Rowe Associates Inc. MD raised its position in Skillz by 16.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 34,592 shares of the company’s stock valued at $225,000 after purchasing an additional 4,800 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its stake in shares of Skillz by 227.6% during the first quarter. Jacobs Levy Equity Management Inc. now owns 97,829 shares of the company’s stock valued at $635,000 after purchasing an additional 67,966 shares in the last quarter. 19.42% of the stock is currently owned by institutional investors.

About Skillz

Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.