Pluralsight (NASDAQ:PS) released its quarterly earnings data on Wednesday. The company reported ($0.02) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.12) by $0.10, MarketWatch Earnings reports. Pluralsight had a negative net margin of 36.22% and a negative return on equity of 56.02%. The business had revenue of $94.77 million for the quarter, compared to the consensus estimate of $88.23 million. During the same period in the prior year, the firm earned ($0.06) earnings per share. The company’s revenue was up 24.9% compared to the same quarter last year.

Shares of PS stock traded down $0.63 during trading hours on Friday, reaching $20.87. 18,923 shares of the company traded hands, compared to its average volume of 1,097,154. The firm has a 50-day moving average price of $18.44 and a 200 day moving average price of $17.13. The company has a debt-to-equity ratio of 2.16, a current ratio of 1.82 and a quick ratio of 1.82. Pluralsight has a 12-month low of $6.59 and a 12-month high of $31.66. The company has a market cap of $2.98 billion, a P/E ratio of -17.85 and a beta of 2.63.

In related news, insider Matthew Forkner sold 11,046 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $19.12, for a total value of $211,199.52. Following the transaction, the insider now directly owns 178,480 shares of the company’s stock, valued at approximately $3,412,537.60. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Insight Holdings Group, Llc sold 4,040,690 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $18.92, for a total value of $76,449,854.80. The disclosure for this sale can be found here. 21.79% of the stock is currently owned by insiders.

PS has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Pluralsight from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday, May 4th. KeyCorp began coverage on Pluralsight in a research note on Monday, June 29th. They set an “overweight” rating and a $22.00 price objective for the company. Bank of America reissued a “neutral” rating and set a $18.00 price objective (up previously from $15.00) on shares of Pluralsight in a research note on Thursday, April 30th. ValuEngine lowered Pluralsight from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, April 15th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $25.00 price target on shares of Pluralsight in a research note on Thursday. Three research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $22.21.

About Pluralsight

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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Earnings History for Pluralsight (NASDAQ:PS)

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