Skillz (NYSE:FIRY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Skillz (NYSE:FIRY) from a strong sell rating to a sell rating in a research note published on Monday,Wall Street Zen reports.

Separately, Weiss Ratings began coverage on Skillz in a report on Monday, July 6th. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold”.

Skillz Price Performance

Shares of Skillz stock opened at $9.96 on Monday. Skillz has a fifty-two week low of $2.23 and a fifty-two week high of $20.00. The firm has a market capitalization of $165.45 million, a price-to-earnings ratio of -2.25 and a beta of 4.59. The company has a 50 day moving average of $9.37.

Skillz (NYSE:FIRY) last posted its earnings results on Thursday, August 13th. The company reported ($1.52) earnings per share for the quarter. Skillz had a negative return on equity of 66.50% and a negative net margin of 60.23%.The company had revenue of $30.99 million for the quarter.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of FIRY. NewEdge Advisors LLC acquired a new position in Skillz during the 1st quarter worth about $73,000. Hsbc Holdings PLC boosted its holdings in Skillz by 17.6% in the first quarter. Hsbc Holdings PLC now owns 11,856 shares of the company’s stock valued at $29,000 after acquiring an additional 1,774 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Skillz by 496.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,929 shares of the company’s stock valued at $51,000 after purchasing an additional 9,929 shares during the period. Squarepoint Ops LLC lifted its position in shares of Skillz by 122.6% in the 4th quarter. Squarepoint Ops LLC now owns 80,054 shares of the company’s stock worth $345,000 after purchasing an additional 44,092 shares during the period. Finally, Hudson Bay Capital Management LP acquired a new position in shares of Skillz in the 4th quarter worth approximately $55,000. 19.42% of the stock is owned by institutional investors.

Skillz Company Profile

Skillz Inc is a mobile games platform that enables developers to build competitive, skill-based games and allows players to compete against one another in real-time contests. The company provides tools and services designed to help game studios add tournament-style gameplay, player matching, and social competition features to mobile titles.

Through its platform, Skillz hosts and powers multiplayer competitions across a range of casual game genres, with an emphasis on monetization through paid contests and in-game competition.