Pluralsight (NASDAQ:PS) Now Covered by Analysts at Berenberg Bank

Berenberg Bank began coverage on shares of Pluralsight (NASDAQ:PS) in a report issued on Wednesday morning, BenzingaRatingsTable reports. The firm issued a buy rating and a $24.00 price objective on the stock.

A number of other equities analysts have also issued reports on PS. Bank of America decreased their price objective on Pluralsight from $25.00 to $22.00 and set a neutral rating for the company in a report on Thursday, August 29th. Zacks Investment Research raised Pluralsight from a sell rating to a hold rating in a report on Wednesday, September 11th. Citigroup decreased their price objective on Pluralsight from $42.00 to $36.00 and set a buy rating for the company in a report on Friday, August 2nd. SunTrust Banks decreased their price objective on Pluralsight to $27.00 and set a buy rating for the company in a report on Thursday, August 1st. Finally, Barrington Research reissued a buy rating on shares of Pluralsight in a report on Thursday, September 12th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Pluralsight has a consensus rating of Buy and an average price target of $27.60.

Shares of Pluralsight stock opened at $18.23 on Wednesday. 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 simple moving average is $16.48 and its 200-day simple moving average is $27.81. Pluralsight has a twelve month low of $14.84 and a twelve month high of $35.70.



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

In other news, Director Gary L. Crittenden purchased 14,600 shares of the firm’s stock in a transaction on Friday, September 13th. The stock was purchased at an average cost of $17.11 per share, with a total value of $249,806.00. Also, CEO Aaron Skonnard sold 84,594 shares of the stock in a transaction on Friday, July 26th. The shares were sold at an average price of $30.47, for a total value of $2,577,579.18. The disclosure for this sale can be found here. Over the last three months, insiders purchased 74,600 shares of company stock valued at $1,262,906 and sold 146,426 shares valued at $4,177,217. Corporate insiders own 23.19% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Quantamental Technologies LLC bought a new stake in shares of Pluralsight during the 2nd quarter worth $31,000. Icon Wealth Partners LLC bought a new stake in shares of Pluralsight during the 1st quarter worth $34,000. Rehmann Capital Advisory Group bought a new stake in shares of Pluralsight during the 1st quarter worth $34,000. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Pluralsight by 530.3% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock worth $50,000 after acquiring an additional 1,384 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Pluralsight during the 2nd quarter worth $83,000. 78.52% of the stock is owned by hedge funds and other institutional investors.

About Pluralsight

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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Analyst Recommendations for Pluralsight (NASDAQ:PS)

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