Pluralsight (PS) Rating Increased to Hold at Zacks Investment Research

Pluralsight (NASDAQ:PS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Pluralsight Inc. is an enterprise technology learning platform. It offers online training courses for professional developers, IT admins and creative artists. The company serves individuals and businesses, as well as academic and government sectors. Pluralsight Inc. is based in Utah, United States. “

Other research analysts also recently issued reports about the company. JPMorgan Chase & Co. increased their price objective on Pluralsight to $37.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Barclays increased their price objective on Pluralsight from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Thursday, August 2nd. Bank of America increased their price objective on Pluralsight from $28.00 to $30.00 and gave the company a “neutral” rating in a research note on Thursday, August 2nd. Morgan Stanley raised Pluralsight from an “equal” rating to a “weight” rating in a research note on Thursday, August 2nd. Finally, Needham & Company LLC increased their price objective on 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. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $36.50.

Shares of PS stock opened at $21.23 on Thursday. Pluralsight has a 1-year low of $19.25 and a 1-year high of $38.37.

Pluralsight (NASDAQ:PS) last announced its earnings results on Wednesday, October 24th. The company reported ($0.10) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.06. The business had revenue of $61.55 million for the quarter, compared to analyst estimates of $57.57 million. On average, equities analysts predict that Pluralsight will post -1.13 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of PS. Massachusetts Financial Services Co. MA purchased a new stake in Pluralsight in the 2nd quarter valued at $17,519,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of Pluralsight during the 2nd quarter worth $847,000. Gilder Gagnon Howe & Co. LLC purchased a new position in shares of Pluralsight during the 2nd quarter worth $6,554,000. Emerald Advisers Inc. PA purchased a new position in shares of Pluralsight during the 2nd quarter worth $11,141,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Pluralsight during the 2nd quarter worth $9,544,000. Institutional investors own 50.81% of the company’s stock.

About Pluralsight

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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