Pluralsight (NASDAQ:PS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.09-0.08) for the period, compared to the Thomson Reuters consensus estimate of ($0.09). The company issued revenue guidance of $68-68.5 million, compared to the consensus revenue estimate of $67.67 million.Pluralsight also updated its FY19 guidance to ($0.32-0.26) EPS.
Shares of Pluralsight stock traded down $0.33 on Wednesday, hitting $31.61. The stock had a trading volume of 1,215,760 shares, compared to its average volume of 896,612. Pluralsight has a 52-week low of $17.88 and a 52-week high of $38.37.
PS has been the subject of several research reports. Raymond James reduced their target price on Pluralsight from $36.00 to $28.00 and set an outperform rating for the company in a report on Thursday, October 25th. Bank of America reduced their target price on Pluralsight from $36.00 to $32.00 and set a neutral rating for the company in a report on Thursday, October 25th. Zacks Investment Research downgraded Pluralsight from a hold rating to a sell rating in a report on Wednesday, November 14th. Finally, Robert W. Baird initiated coverage on Pluralsight in a report on Wednesday, November 28th. They issued an outperform rating and a $22.38 target price for the company. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average target price of $34.93.
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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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