Wall Street brokerages expect Pluralsight Inc (NASDAQ:PS) to post $68.48 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $68.93 million and the lowest estimate coming in at $68.30 million. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, May 1st.
On average, analysts expect that Pluralsight will report full-year sales of $312.83 million for the current fiscal year, with estimates ranging from $311.00 million to $315.94 million. For the next fiscal year, analysts anticipate that the firm will post sales of $413.16 million, with estimates ranging from $396.34 million to $431.08 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Pluralsight.
Pluralsight (NASDAQ:PS) last announced its quarterly earnings results on Wednesday, February 13th. The company reported ($0.36) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.14). The company had revenue of $67.26 million for the quarter, compared to the consensus estimate of $65.76 million. Pluralsight had a negative net margin of 36.06% and a negative return on equity of 246.61%. The company’s revenue for the quarter was up 41.9% compared to the same quarter last year. During the same period last year, the firm posted ($0.53) earnings per share.
Separately, Bank of America boosted their target price on shares of Pluralsight from $32.00 to $35.00 and gave the stock a “neutral” rating in a report on Thursday, February 14th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Pluralsight has an average rating of “Buy” and a consensus price target of $35.26.
In other news, CEO Aaron Skonnard sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, January 28th. The shares were sold at an average price of $29.36, for a total value of $1,468,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Scott D. Dorsey sold 47,492 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $28.37, for a total transaction of $1,347,348.04. The disclosure for this sale can be found here. Insiders sold a total of 9,101,284 shares of company stock worth $258,843,580 in the last 90 days. Corporate insiders own 23.19% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the company. First Mercantile Trust Co. acquired a new position in shares of Pluralsight in the 4th quarter worth approximately $130,000. Bank of Montreal Can lifted its position in shares of Pluralsight by 15.8% in the 4th quarter. Bank of Montreal Can now owns 5,821 shares of the company’s stock worth $137,000 after purchasing an additional 793 shares during the period. State of Alaska Department of Revenue lifted its position in shares of Pluralsight by 118.8% in the 1st quarter. State of Alaska Department of Revenue now owns 6,215 shares of the company’s stock worth $196,000 after purchasing an additional 3,375 shares during the period. Quantitative Systematic Strategies LLC acquired a new position in shares of Pluralsight during the 1st quarter valued at $247,000. Finally, Wells Fargo & Company MN lifted its position in shares of Pluralsight by 10,170.0% during the 3rd quarter. Wells Fargo & Company MN now owns 10,270 shares of the company’s stock valued at $329,000 after acquiring an additional 10,170 shares during the period. Hedge funds and other institutional investors own 68.88% of the company’s stock.
PS traded down $0.53 during trading on Monday, reaching $31.80. 2,824,658 shares of the company’s stock were exchanged, compared to its average volume of 1,602,586. Pluralsight has a one year low of $17.88 and a one year high of $38.37. The firm has a market capitalization of $4.37 billion and a price-to-earnings ratio of -21.78.
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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