Pluralsight Inc (PS) Receives Consensus Recommendation of “Buy” from Analysts

Pluralsight Inc (NASDAQ:PS) has received an average rating of “Buy” from the ten ratings firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $36.05.

Several research analysts have commented on the company. SunTrust Banks lifted their price target on Pluralsight to $40.00 and gave the stock a “buy” rating in a research report on Thursday, September 6th. Needham & Company LLC lifted their price target on Pluralsight from $29.00 to $38.00 and gave the stock a “buy” rating in a research report on Thursday, August 30th. They noted that the move was a valuation call. Zacks Investment Research raised Pluralsight from a “sell” rating to a “hold” rating in a research report on Thursday, November 8th. Bank of America lifted their price target on Pluralsight from $30.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, August 30th. Finally, Raymond James dropped their price target on Pluralsight from $36.00 to $28.00 and set an “outperform” rating on the stock in a research report on Thursday, October 25th.

Shares of PS stock opened at $24.09 on Monday. Pluralsight has a twelve month low of $17.88 and a twelve month high of $38.37.

Pluralsight (NASDAQ:PS) last issued its quarterly earnings data on Wednesday, October 24th. The company reported ($0.10) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.06. The company had revenue of $61.55 million during the quarter, compared to the consensus estimate of $57.57 million. On average, equities research analysts predict that Pluralsight will post -1.13 EPS for the current year.

In other news, CEO Aaron Skonnard sold 25,000 shares of Pluralsight stock in a transaction that occurred on Friday, November 16th. The stock was sold at an average price of $22.14, for a total transaction of $553,500.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Karenann K. Terrell sold 123,609 shares of Pluralsight stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $19.88, for a total value of $2,457,346.92. The disclosure for this sale can be found here.

Large investors have recently made changes to their positions in the company. Insight Holdings Group LLC acquired a new stake in Pluralsight in the 2nd quarter valued at $1,091,606,000. FMR LLC acquired a new stake in Pluralsight in the 2nd quarter valued at $76,849,000. Franklin Resources Inc. boosted its stake in Pluralsight by 93.9% in the 3rd quarter. Franklin Resources Inc. now owns 2,205,567 shares of the company’s stock valued at $70,578,000 after buying an additional 1,068,288 shares in the last quarter. Vanguard Group Inc. boosted its stake in Pluralsight by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 2,058,780 shares of the company’s stock valued at $65,881,000 after buying an additional 70,086 shares in the last quarter. Finally, BlackRock Inc. boosted its stake in Pluralsight by 48.9% in the 3rd quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock valued at $56,824,000 after buying an additional 582,839 shares in the last quarter. 53.36% of the stock is currently owned by institutional investors.

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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Analyst Recommendations for Pluralsight (NASDAQ:PS)

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