Brokerages predict that Pluralsight Inc (NASDAQ:PS) will announce $79.75 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Pluralsight’s earnings, with the highest sales estimate coming in at $80.02 million and the lowest estimate coming in at $79.50 million. Pluralsight posted sales of $61.55 million in the same quarter last year, which would suggest a positive year over year growth rate of 29.6%. The company is expected to announce its next earnings results on Wednesday, October 23rd.

According to Zacks, analysts expect that Pluralsight will report full-year sales of $314.04 million for the current financial year, with estimates ranging from $311.96 million to $315.63 million. For the next financial year, analysts expect that the business will post sales of $409.62 million, with estimates ranging from $391.84 million to $425.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Pluralsight.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings results on Wednesday, July 31st. The company reported ($0.32) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The company had revenue of $75.90 million during the quarter, compared to the consensus estimate of $73.87 million. Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The firm’s quarterly revenue was up 41.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) EPS.

PS has been the subject of a number of research analyst reports. Needham & Company LLC dropped their price target on shares of Pluralsight to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Barrington Research initiated coverage on shares of Pluralsight in a research note on Monday, July 22nd. They issued an “outperform” rating and a $40.00 price target for the company. Zacks Investment Research lowered shares of Pluralsight from a “hold” rating to a “sell” rating in a research note on Thursday, May 9th. Raymond James dropped their price target on shares of Pluralsight from $39.00 to $26.00 and set an “outperform” rating for the company in a research note on Thursday, August 1st. Finally, KeyCorp dropped their price target on shares of Pluralsight from $40.00 to $28.00 and set an “overweight” rating for the company in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $34.40.

In other Pluralsight news, Director Timothy I. Maudlin bought 30,000 shares of the stock in a transaction on Friday, August 9th. The stock was purchased at an average price of $16.58 per share, for a total transaction of $497,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Aaron Skonnard sold 84,594 shares of the business’s stock in a transaction on Friday, July 26th. The shares were sold at an average price of $30.47, for a total transaction of $2,577,579.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 142,495 shares of company stock valued at $4,228,330. 23.19% of the stock is owned by insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in shares of Pluralsight during the second quarter valued at $31,000. Parallel Advisors LLC acquired a new position in shares of Pluralsight during the first quarter valued at $33,000. Daiwa Securities Group Inc. acquired a new position in shares of Pluralsight during the first quarter valued at $33,000. Rehmann Capital Advisory Group acquired a new position in shares of Pluralsight during the first quarter valued at $34,000. Finally, Icon Wealth Partners LLC acquired a new position in shares of Pluralsight during the first quarter valued at $34,000. 81.93% of the stock is owned by institutional investors.

Shares of NASDAQ:PS traded down $0.69 during midday trading on Thursday, reaching $15.63. The company had a trading volume of 2,484,771 shares, compared to its average volume of 1,901,252. The company has a debt-to-equity ratio of 1.74, a current ratio of 2.82 and a quick ratio of 2.82. The stock’s fifty day moving average price is $26.74 and its 200-day moving average price is $30.36. The stock has a market capitalization of $2.22 billion, a P/E ratio of -10.71 and a beta of 1.96. Pluralsight has a one year low of $15.48 and a one year high of $38.37.

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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