Pluralsight (PS) Shares Down 10.4%
Pluralsight Inc (NASDAQ:PS)’s share price dropped 10.4% during trading on Monday . The company traded as low as $19.35 and last traded at $19.78. Approximately 2,074,008 shares traded hands during trading, an increase of 173% from the average daily volume of 760,235 shares. The stock had previously closed at $22.07.
Several equities analysts have issued reports on PS shares. Barclays upped their price objective on shares of Pluralsight from $31.00 to $39.00 and gave the company an “overweight” rating in a research note on Thursday, August 30th. Zacks Investment Research downgraded shares of Pluralsight from a “buy” rating to a “sell” rating in a research note on Wednesday, October 31st. JPMorgan Chase & Co. upped their price objective on shares of Pluralsight to $44.00 and gave the company an “overweight” rating in a research note on Thursday, August 30th. Needham & Company LLC upped their price objective on shares of Pluralsight from $29.00 to $38.00 and gave the company a “buy” rating in a research note on Thursday, August 30th. They noted that the move was a valuation call. Finally, Bank of America decreased their price objective on shares of Pluralsight from $36.00 to $32.00 and set a “neutral” rating for the company in a research note on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. Pluralsight currently has an average rating of “Buy” and an average target price of $36.50.
Pluralsight (NASDAQ:PS) last released its quarterly earnings data on Wednesday, October 24th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.06. The company had revenue of $61.55 million during the quarter, compared to analyst estimates of $57.57 million. On average, sell-side analysts forecast that Pluralsight Inc will post -1.13 earnings per share for the current year.
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Pluralsight Company Profile (NASDAQ:PS)
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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