Truvvo Partners LLC Invests $438,000 in Pluralsight Inc (NASDAQ:PS)
Truvvo Partners LLC acquired a new stake in shares of Pluralsight Inc (NASDAQ:PS) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 14,474 shares of the company’s stock, valued at approximately $438,000. Pluralsight comprises about 0.2% of Truvvo Partners LLC’s holdings, making the stock its 28th largest holding.
Several other institutional investors have also added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA boosted its position in Pluralsight by 151.1% in the first quarter. BNP Paribas Arbitrage SA now owns 2,830 shares of the company’s stock worth $90,000 after purchasing an additional 1,703 shares during the last quarter. Bank of Montreal Can boosted its position in Pluralsight by 32.6% in the first quarter. Bank of Montreal Can now owns 7,719 shares of the company’s stock worth $245,000 after purchasing an additional 1,898 shares during the last quarter. SG Americas Securities LLC purchased a new position in Pluralsight in the first quarter worth about $832,000. Parallel Advisors LLC purchased a new position in Pluralsight in the first quarter worth about $33,000. Finally, Rhumbline Advisers boosted its position in Pluralsight by 96.7% in the first quarter. Rhumbline Advisers now owns 44,670 shares of the company’s stock worth $1,418,000 after purchasing an additional 21,961 shares during the last quarter. 78.52% of the stock is currently owned by institutional investors.
PS has been the topic of several research reports. Raymond James dropped their target price on Pluralsight from $39.00 to $26.00 and set an “outperform” rating on the stock in a research report on Thursday, August 1st. Bank of America dropped their target price on Pluralsight from $25.00 to $22.00 and set a “neutral” rating on the stock in a research report on Thursday, August 29th. SunTrust Banks dropped their target price on Pluralsight to $27.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. KeyCorp decreased their price objective on Pluralsight from $28.00 to $25.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Barrington Research reaffirmed a “buy” rating on shares of Pluralsight in a research note on Thursday. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $28.05.
Shares of NASDAQ PS traded down $0.51 during trading on Friday, hitting $16.75. The company had a trading volume of 298,946 shares, compared to its average volume of 2,306,862. The stock has a 50 day simple moving average of $18.58 and a 200 day simple moving average of $28.36. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.82 and a current ratio of 2.82. Pluralsight Inc has a 12 month low of $14.84 and a 12 month high of $37.36. The firm has a market capitalization of $2.25 billion, a P/E ratio of -11.48 and a beta of 2.29.
Pluralsight (NASDAQ:PS) last posted 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). Pluralsight had a negative return on equity of 47.43% and a negative net margin of 28.32%. The company had revenue of $75.90 million during the quarter, compared to the consensus estimate of $73.87 million. During the same period last year, the business earned ($0.21) EPS. The firm’s quarterly revenue was up 41.6% compared to the same quarter last year. As a group, analysts predict that Pluralsight Inc will post -1.02 EPS for the current year.
Pluralsight Company Profile
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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