Insider Buying: Pluralsight Inc (NASDAQ:PS) Director Buys 30,000 Shares of Stock
Pluralsight Inc (NASDAQ:PS) Director Timothy I. Maudlin bought 30,000 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were purchased at an average cost of $16.58 per share, with a total value of $497,400.00. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of PS stock opened at $15.63 on Friday. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -10.71 and a beta of 1.96. Pluralsight Inc has a 52 week low of $15.48 and a 52 week high of $38.37. The company has a quick ratio of 2.82, a current ratio of 2.82 and a debt-to-equity ratio of 1.74. The firm has a 50 day moving average of $26.74 and a 200-day moving average of $30.36.
Pluralsight (NASDAQ:PS) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($0.32) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The company had revenue of $75.90 million for the quarter, compared to analyst estimates of $73.87 million. Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The business’s quarterly revenue was up 41.6% compared to the same quarter last year. During the same period last year, the business earned ($0.21) EPS. Analysts anticipate that Pluralsight Inc will post -1.02 earnings per share for the current year.
PS has been the subject of a number of recent analyst reports. KeyCorp decreased their target price on shares of Pluralsight from $40.00 to $28.00 and set an “overweight” rating for the company in a research report on Thursday, August 1st. Citigroup decreased their target price on shares of Pluralsight from $42.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, August 2nd. Zacks Investment Research downgraded shares of Pluralsight from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Needham & Company LLC decreased their target price on shares of Pluralsight to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Barrington Research assumed coverage on shares of Pluralsight in a research report on Monday, July 22nd. They set an “outperform” rating and a $40.00 target price for the company. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $34.40.
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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