Brokerages Anticipate Pluralsight Inc (NASDAQ:PS) Will Announce Quarterly Sales of $87.22 Million

Wall Street analysts predict that Pluralsight Inc (NASDAQ:PS) will post $87.22 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Pluralsight’s earnings. The highest sales estimate is $87.77 million and the lowest is $86.87 million. Pluralsight reported sales of $67.26 million in the same quarter last year, which would indicate a positive year over year growth rate of 29.7%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 12th.

On average, analysts expect that Pluralsight will report full year sales of $315.26 million for the current financial year, with estimates ranging from $314.97 million to $315.86 million. For the next fiscal year, analysts anticipate that the firm will report sales of $395.18 million, with estimates ranging from $387.05 million to $403.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Pluralsight.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $79.83 million. During the same period last year, the business earned ($0.10) earnings per share. The business’s revenue was up 34.1% on a year-over-year basis.

A number of equities analysts have issued reports on PS shares. Needham & Company LLC lowered their target price on Pluralsight from $36.00 to $25.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Bank of America decreased their price objective on shares of Pluralsight from $25.00 to $22.00 and set a “neutral” rating for the company in a research report on Thursday, August 29th. Morgan Stanley initiated coverage on shares of Pluralsight in a report on Monday, November 25th. They issued an “equal weight” rating and a $20.00 target price on the stock. Finally, Barrington Research set a $30.00 target price on shares of Pluralsight and gave the company a “buy” rating in a research note on Wednesday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Pluralsight has a consensus rating of “Buy” and a consensus target price of $26.11.

In related news, insider Frederick Onion acquired 30,000 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average price of $17.19 per share, for a total transaction of $515,700.00. Also, Director Gary L. Crittenden acquired 14,600 shares of the company’s stock in a transaction on Friday, September 13th. The stock was bought at an average cost of $17.11 per share, with a total value of $249,806.00. 23.19% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in PS. First Trust Advisors LP lifted its holdings in shares of Pluralsight by 2,507.4% in the second quarter. First Trust Advisors LP now owns 2,829,657 shares of the company’s stock worth $85,795,000 after acquiring an additional 2,721,132 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Pluralsight by 65.7% during the second quarter. Price T Rowe Associates Inc. MD now owns 4,986,019 shares of the company’s stock valued at $151,176,000 after purchasing an additional 1,977,794 shares in the last quarter. Point72 Asset Management L.P. acquired a new stake in shares of Pluralsight during the third quarter valued at about $28,770,000. Riverbridge Partners LLC boosted its stake in shares of Pluralsight by 63.4% during the third quarter. Riverbridge Partners LLC now owns 4,051,477 shares of the company’s stock valued at $68,045,000 after purchasing an additional 1,572,309 shares in the last quarter. Finally, TimesSquare Capital Management LLC grew its holdings in shares of Pluralsight by 38.6% during the second 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. 82.23% of the stock is currently owned by institutional investors.

Shares of Pluralsight stock traded down $0.20 on Friday, hitting $16.00. 13,271 shares of the company’s stock traded hands, compared to its average volume of 1,284,348. The firm’s 50-day moving average price is $17.44 and its two-hundred day moving average price is $22.58. The stock has a market capitalization of $2.39 billion, a PE ratio of -10.99 and a beta of 2.22. 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 has a one year low of $14.84 and a one year high of $35.70.

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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