Is Pluralsight Inc. (PS) a good stock to buy now?

Pluralsight Inc. (NASDAQ: PS) is 1.62% higher on its value in year-to-date trading and has touched a low of $6.59 and a high of $22.69 in the current 52-week trading range. The PS stock was last observed hovering at around $21.29 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $20.26 for the next 12 months. It is also -5.13% off the consensus price target high of $20.26 offered by 14 analysts, but current levels are -6.5% lower than the price target low of $20.00 for the same period.

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Currently trading at $21.30, the stock is 3.54% and 17.30% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.19 million and changing 0.05% at the moment leaves the stock 18.74% off its SMA200. PS registered 19.03% gain for a year compared to 6-month gain of 20.27%. The firm has a 50-day simple moving average (SMA 50) of $19.22 and a 200-day simple moving average (SMA200) of $18.57.

The stock witnessed a 17.55% loss in the last 1 month and extending the period to 3 months gives it a 16.43%, and is 3.45% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.67% over the week and 2.50% over the month.

Pluralsight Inc. (PS) has around 1600 employees, a market worth around $3.11B and $375.70M in sales. Profit margin for the company is -33.00%. Distance from 52-week low is 223.22% and -6.13% from its 52-week high. The company has generated returns on investments over the last 12 months (-23.20%).

Pluralsight Inc. (PS) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Pluralsight Inc. (PS) is a “Hold”. 14 analysts offering their recommendations for the stock have an average rating of 3.10, where 13 rate it as a Hold and 0 think it is a “Overweight”. 0 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.

Pluralsight Inc. is expected to release its quarterly report on 05/05/2021 and quarterly earnings per share for the current quarter are estimated at -$0.02 with sales reaching $101.83M over the same period.The EPS is expected to grow by 72.60% this year, but quarterly earnings will post 22.60% year-over-year. Quarterly sales are estimated to grow 14.70% in year-over-year returns.

Pluralsight Inc. (PS) Top Institutional Holders

311 institutions hold shares in Pluralsight Inc. (PS), with 5.9M shares held by insiders accounting for 4.93% while institutional investors hold 106.54% of the company’s shares. The shares outstanding are 115.20M, and float is at 111.92M with Short Float at 6.40%. Institutions hold 101.29% of the Float.

The top institutional shareholder in the company is FMR, LLC with over 16.56 million shares valued at $283.67 million. The investor’s holdings represent 13.84% of the PS Shares outstanding. As of Sep 29, 2020, the second largest holder is Vanguard Group, Inc. (The) with 9.06 million shares valued at $155.26 million to account for 7.58% of the shares outstanding. The other top investors are ArrowMark Colorado Holdings LLC which holds 8.13 million shares representing 6.80% and valued at over $139.34 million, while Fred Alger Management, LLC holds 4.80% of the shares totaling 5.74 million with a market value of $98.32 million.

Pluralsight Inc. (PS) Insider Activity

A total of 32 insider transactions have happened at Pluralsight Inc. (PS) in the last six months, with sales accounting for 28 and purchases happening 4 times. The most recent transaction is an insider sale by Forkner Matthew, the company’s Chief Legal Officer, Secretary. SEC filings show that Forkner Matthew sold 18,219 shares of the company’s common stock on Jan 05 at a price of $20.77 per share for a total of $0.38 million. Following the sale, the insider now owns 0.13 million shares.

Pluralsight Inc. disclosed in a document filed with the SEC on Dec 30 that Meyercord Ross (Chief Revenue Officer) sold a total of 6,700 shares of the company’s common stock. The trade occurred on Dec 30 and was made at $21.30 per share for $0.14 million. Following the transaction, the insider now directly holds 0.26 million shares of the PS stock.

Still, SEC filings show that on Dec 04, Meyercord Ross (Chief Revenue Officer) disposed off 13,400 shares at an average price of $18.00 for $0.24 million. The insider now directly holds 270,034 shares of Pluralsight Inc. (PS).

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