Equities research analysts predict that Pluralsight Inc (NASDAQ:PS) will post sales of $87.22 million for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $87.77 million and the lowest estimate coming in at $86.87 million. Pluralsight posted sales of $67.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The firm is expected to report its next quarterly earnings report on Wednesday, February 12th.
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On average, analysts expect that Pluralsight will report full year sales of $315.31 million for the current fiscal year, with estimates ranging from $314.97 million to $315.86 million. For the next year, analysts forecast that the firm will post sales of $393.87 million, with estimates ranging from $387.05 million to $396.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Pluralsight.
Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, October 30th. The company reported ($0.08) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.06. Pluralsight had a negative return on equity of 46.91% and a negative net margin of 32.59%. The company had revenue of $82.60 million for the quarter, compared to analyst estimates of $79.83 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The firm’s revenue for the quarter was up 34.1% compared to the same quarter last year.
Several analysts have recently commented on the company. Barrington Research set a $30.00 price objective on Pluralsight and gave the stock a “buy” rating in a research note on Wednesday, October 9th. KeyCorp lowered their price objective on Pluralsight from $25.00 to $24.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday. Bank of America lowered their price objective on Pluralsight from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Finally, Needham & Company LLC lowered their price objective on Pluralsight from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $26.26.
In other Pluralsight news, Director Gary L. Crittenden bought 14,600 shares of Pluralsight stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of $17.11 per share, with a total value of $249,806.00. Also, insider Frederick Onion acquired 30,000 shares of Pluralsight stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of $17.19 per share, with a total value of $515,700.00. Corporate insiders own 23.19% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Quantamental Technologies LLC bought a new position in Pluralsight during the second quarter valued at $31,000. Ladenburg Thalmann Financial Services Inc. grew its holdings in Pluralsight by 530.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock valued at $50,000 after purchasing an additional 1,384 shares during the period. Daiwa Securities Group Inc. grew its holdings in Pluralsight by 46.6% during the third quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock valued at $33,000 after purchasing an additional 620 shares during the period. TCI Wealth Advisors Inc. grew its holdings in Pluralsight by 121.5% during the third quarter. TCI Wealth Advisors Inc. now owns 2,268 shares of the company’s stock valued at $38,000 after purchasing an additional 1,244 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new position in Pluralsight during the second quarter valued at $83,000. 79.64% of the stock is owned by institutional investors and hedge funds.
Shares of Pluralsight stock traded down $0.02 on Thursday, hitting $17.62. 1,622,200 shares of the company’s stock traded hands, compared to its average volume of 1,874,044. The company has a market capitalization of $2.50 billion, a price-to-earnings ratio of -12.07 and a beta of 2.30. Pluralsight has a one year low of $14.84 and a one year high of $35.70. The company has a fifty day moving average of $17.08 and a two-hundred day moving average of $24.42. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.35 and a quick ratio of 2.35.
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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