Pluralsight (NASDAQ:PS) Stock Rating Reaffirmed by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Pluralsight (NASDAQ:PS) in a research report sent to investors on Thursday morning, AnalystRatings.com reports. Needham & Company LLC currently has a $36.00 target price on the stock.

A number of other equities research analysts have also commented on the company. Zacks Investment Research raised Pluralsight from a sell rating to a hold rating in a research report on Wednesday, September 11th. Citigroup dropped their price target on Pluralsight from $42.00 to $36.00 and set a buy rating on the stock in a research report on Friday, August 2nd. Raymond James dropped their price target on Pluralsight from $39.00 to $26.00 and set an outperform rating on the stock in a research report on Thursday, August 1st. Barrington Research set a $30.00 price target on Pluralsight and gave the stock a buy rating in a research report on Wednesday, October 9th. Finally, SunTrust Banks dropped their price target on Pluralsight to $27.00 and set a buy rating on the stock in a research report on Thursday, August 1st. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $27.60.

PS traded down $0.43 during midday trading on Thursday, reaching $16.79. 1,249,567 shares of the company were exchanged, compared to its average volume of 1,906,176. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.82 and a current ratio of 2.82. Pluralsight has a one year low of $14.84 and a one year high of $35.70. The stock has a market capitalization of $2.40 billion, a P/E ratio of -11.50 and a beta of 2.29. The stock’s 50-day simple moving average is $16.53 and its 200 day simple moving average is $25.93.

Pluralsight (NASDAQ:PS) last issued its earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 the consensus estimate of $73.87 million. During the same quarter last year, the business posted ($0.21) EPS. Pluralsight’s quarterly revenue was up 41.6% on a year-over-year basis. On average, research analysts anticipate that Pluralsight will post -1.02 earnings per share for the current year.

In other news, Director Gary L. Crittenden bought 14,600 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $17.11 per share, with a total value of $249,806.00. Also, Director Timothy I. Maudlin bought 30,000 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was purchased at an average cost of $16.58 per share, for a total transaction of $497,400.00. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 74,600 shares of company stock worth $1,262,906 and have sold 112,995 shares worth $3,146,014. Company insiders own 23.19% of the company’s stock.

Several large investors have recently bought and sold shares of PS. First Trust Advisors LP increased its position in shares of Pluralsight by 2,507.4% during the 2nd quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock worth $85,795,000 after purchasing an additional 2,721,132 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Pluralsight by 65.7% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,986,019 shares of the company’s stock worth $151,176,000 after purchasing an additional 1,977,794 shares during the last quarter. Riverbridge Partners LLC increased its position in shares of Pluralsight by 63.4% during the 3rd quarter. Riverbridge Partners LLC now owns 4,051,477 shares of the company’s stock worth $68,045,000 after purchasing an additional 1,572,309 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Pluralsight by 38.6% during the 2nd quarter. TimesSquare Capital Management LLC now owns 5,640,285 shares of the company’s stock worth $171,013,000 after purchasing an additional 1,571,685 shares during the last quarter. Finally, Vanguard Group Inc. boosted its stake in shares of Pluralsight by 31.5% during the 2nd quarter. Vanguard Group Inc. now owns 6,502,774 shares of the company’s stock worth $197,164,000 after acquiring an additional 1,558,996 shares during the period. 78.52% of the stock is currently 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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