Zacks Investment Research upgraded shares of Pluralsight (NASDAQ:PS) from a sell rating to a hold rating in a report released on Thursday morning.
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. “
PS has been the subject of a number of other reports. Barclays lifted their price objective on Pluralsight from $31.00 to $39.00 and gave the company an overweight rating in a research note on Thursday, August 30th. JPMorgan Chase & Co. lifted their price objective on Pluralsight to $37.00 and gave the company an overweight rating in a research note on Thursday, August 2nd. Raymond James dropped their price objective on Pluralsight from $36.00 to $28.00 and set an outperform rating for the company in a research note on Thursday, October 25th. Bank of America lifted their price objective on Pluralsight from $28.00 to $30.00 and gave the company a neutral rating in a research note on Thursday, August 2nd. Finally, SunTrust Banks lifted their price objective on Pluralsight to $40.00 and gave the company a buy rating in a research note on Thursday, September 6th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average target price of $36.50.
Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, October 24th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.06. The firm had revenue of $61.55 million during the quarter, compared to analyst estimates of $57.57 million. As a group, research analysts anticipate that Pluralsight will post -1.13 EPS for the current year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can grew its stake in Pluralsight by 164.6% during the 3rd quarter. Bank of Montreal Can now owns 5,028 shares of the company’s stock worth $161,000 after purchasing an additional 3,128 shares in the last quarter. Legal & General Group Plc acquired a new position in Pluralsight during the 2nd quarter worth $110,000. Pendal Group Ltd grew its stake in Pluralsight by 251.3% during the 3rd quarter. Pendal Group Ltd now owns 12,119 shares of the company’s stock worth $388,000 after purchasing an additional 8,669 shares in the last quarter. Scge Management L.P. acquired a new position in Pluralsight during the 2nd quarter worth $245,000. Finally, Wells Fargo & Company MN grew its stake in Pluralsight by 10,170.0% during the 3rd quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock worth $329,000 after purchasing an additional 10,170 shares in the last quarter. 50.81% 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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