Pluralsight (NASDAQ:PS) Releases Quarterly Earnings Results, Beats Estimates By $0.23 EPS

Pluralsight (NASDAQ:PS) announced its earnings results on Wednesday. The company reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23, reports. The business had revenue of $88.80 million for the quarter, compared to the consensus estimate of $87.22 million. Pluralsight had a negative return on equity of 46.17% and a negative net margin of 35.65%. Pluralsight’s revenue was up 31.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.09) EPS.

PS stock opened at $18.66 on Friday. The business’s fifty day moving average is $18.80 and its 200-day moving average is $17.62. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.35 and a quick ratio of 2.35. Pluralsight has a twelve month low of $14.84 and a twelve month high of $35.70.

Several research analysts have issued reports on PS shares. KeyCorp reduced their price objective on Pluralsight from $24.00 to $22.00 and set an “overweight” rating on the stock in a report on Monday, January 13th. Zacks Investment Research downgraded Pluralsight from a “hold” rating to a “sell” rating in a report on Wednesday, January 1st. Morgan Stanley started coverage on Pluralsight in a report on Monday, November 25th. They set an “equal weight” rating and a $20.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $25.00 price objective on shares of Pluralsight in a report on Wednesday, February 5th. Finally, William Blair started coverage on Pluralsight in a report on Wednesday, January 8th. They set an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $25.33.

In other Pluralsight news, insider Nate Walkingshaw sold 6,000 shares of the stock in a transaction dated Wednesday, January 15th. The stock was sold at an average price of $19.50, for a total value of $117,000.00. Following the transaction, the insider now owns 200,090 shares of the company’s stock, valued at $3,901,755. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders sold 16,000 shares of company stock worth $284,150. 23.19% of the stock is currently owned by company insiders.

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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