Pluralsight Inc (PS) Short Interest Update
Pluralsight Inc (NASDAQ:PS) was the recipient of a significant increase in short interest in August. As of August 31st, there was short interest totalling 2,664,746 shares, an increase of 32.6% from the August 15th total of 2,009,031 shares. Based on an average daily trading volume, of 472,857 shares, the short-interest ratio is currently 5.6 days. Currently, 6.7% of the shares of the stock are sold short.
A number of research firms recently commented on PS. First Analysis reissued a “positive” rating and set a $45.00 price objective on shares of Pluralsight in a report on Friday, September 7th. SunTrust Banks boosted their price objective on shares of Pluralsight to $40.00 and gave the stock a “buy” rating in a report on Thursday, September 6th. Bank of America boosted their price objective on shares of Pluralsight from $30.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. Needham & Company LLC boosted their price objective on shares of Pluralsight from $29.00 to $38.00 and gave the stock a “buy” rating in a report on Thursday, August 30th. They noted that the move was a valuation call. Finally, Raymond James boosted their price objective on shares of Pluralsight from $30.00 to $36.00 and gave the stock an “outperform” rating in a report on Thursday, August 30th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $38.00.
A number of hedge funds have recently modified their holdings of PS. Massachusetts Financial Services Co. MA acquired a new position in Pluralsight during the second quarter worth approximately $17,519,000. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of Pluralsight in the second quarter worth $847,000. Gilder Gagnon Howe & Co. LLC acquired a new stake in shares of Pluralsight in the second quarter worth $6,554,000. Emerald Advisers Inc. PA acquired a new stake in shares of Pluralsight in the second quarter worth $11,141,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Pluralsight in the second quarter worth $9,544,000. 50.51% of the stock is owned by hedge funds and other institutional investors.
Pluralsight (NASDAQ:PS) last posted its quarterly earnings data on Wednesday, August 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.28) by $0.07. The firm had revenue of $53.60 million during the quarter, compared to analyst estimates of $50.83 million. Pluralsight’s revenue was up 37.8% compared to the same quarter last year. sell-side analysts forecast that Pluralsight will post -0.94 EPS for the current year.
Pluralsight Company Profile
Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill 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 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.
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