Pluralsight Inc. (NASDAQ: PS) is 7.11% higher on its value in year-to-date trading and has touched a low of $9.37 and a high of $22.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The PS stock was last observed hovering at around $22.42 in the last trading session, with the day’s gains setting it 0.03% off its average median price target of $22.50 for the next 12 months. It is also 2.39% off the consensus price target high of $23.00 offered by 10 analysts, but current levels are -10.81% lower than the price target low of $20.26 for the same period.
Currently trading at $22.45, the stock is 1.10% and 4.26% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.61 million and changing 0.13% at the moment leaves the stock 15.88% off its SMA200. PS registered 136.32% gain for a year compared to 6-month gain of 27.34%. The firm has a 50-day simple moving average (SMA 50) of $21.74 and a 200-day simple moving average (SMA200) of $19.47.
The stock witnessed a 7.88% loss in the last 1 month and extending the period to 3 months gives it a 7.11%, and is 0.31% 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 0.39% over the week and 0.69% over the month.
Pluralsight Inc. (PS) has around 1700 employees, a market worth around $3.32B and $391.90M in sales. Fwd P/E is 863.46. Profit margin for the company is -32.70%. Distance from 52-week low is 139.59% and -1.06% from its 52-week high. The company has generated returns on investments over the last 12 months (-21.50%).
Pluralsight Inc. (PS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Pluralsight Inc. (PS) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 3.10, where 9 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 08/04/2021 and quarterly earnings per share for the current quarter are estimated at -$0.03 with sales reaching $104.98M over the same period.The EPS is expected to grow by 3.90% this year, but quarterly earnings will post 14.30% year-over-year. Quarterly sales are estimated to grow 21.00% in year-over-year returns.
Pluralsight Inc. (PS) Top Institutional Holders
321 institutions hold shares in Pluralsight Inc. (PS), with 4.94M shares held by insiders accounting for 4.01% while institutional investors hold 105.34% of the company’s shares. The shares outstanding are 120.17M, and float is at 116.14M with Short Float at 8.51%. Institutions hold 101.11% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 9.9 million shares valued at $207.48 million. The investor’s holdings represent 8.05% of the PS Shares outstanding. As of Dec 30, 2020, the second largest holder is Vanguard Group, Inc. (The) with 9.58 million shares valued at $200.86 million to account for 7.79% of the shares outstanding. The other top investors are ArrowMark Colorado Holdings LLC which holds 8.78 million shares representing 7.13% and valued at over $183.98 million, while Insight Holdings Group, Llc holds 4.24% of the shares totaling 5.21 million with a market value of $109.26 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 25 and purchases happening 7 times. The most recent transaction is an insider sale by Budge James ,the company’sChief Financial Officer. SEC filings show that Budge James sold 200,000 shares of the company’s common stock on Mar 08 at a price of $22.03 per share for a total of $4.41 million. Following the sale, the insider now owns 0.18 million shares.
Pluralsight Inc. disclosed in a document filed with the SEC on Mar 01 that Meyercord Ross (Chief Revenue Officer) sold a total of 6,700 shares of the company’s common stock. The trade occurred on Mar 01 and was made at $20.60 per share for $0.14 million. Following the transaction, the insider now directly holds 0.3 million shares of the PS stock.
Still, SEC filings show that on Jan 29, Meyercord Ross (Chief Revenue Officer) disposed off 6,700 shares at an average price of $20.75 for $0.14 million. The insider now directly holds 249,331 shares of Pluralsight Inc. (PS).