Sei Investments Co. acquired a new position in Pluralsight Inc (NASDAQ:PS) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 43,900 shares of the company’s stock, valued at approximately $1,073,000.
Other hedge funds have also bought and sold shares of the company. Massachusetts Financial Services Co. MA acquired a new position in Pluralsight during the second quarter worth about $17,519,000. Raymond James Financial Services Advisors Inc. acquired a new position in Pluralsight during the second quarter worth about $847,000. Gilder Gagnon Howe & Co. LLC acquired a new position in Pluralsight during the second quarter worth about $6,554,000. Emerald Advisers Inc. PA acquired a new position in Pluralsight during the second quarter worth about $11,141,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new position in shares of Pluralsight in the 2nd quarter valued at $9,544,000. 50.51% of the stock is owned by hedge funds and other institutional investors.
A number of research firms recently weighed in on PS. Raymond James began coverage on Pluralsight in a research report on Monday, June 11th. They issued an “outperform” rating for the company. Barclays increased their price target on Pluralsight from $31.00 to $39.00 and gave the company an “overweight” rating in a research report on Thursday, August 30th. JPMorgan Chase & Co. increased their price target on Pluralsight to $37.00 and gave the company an “overweight” rating in a research report on Thursday, August 2nd. Needham & Company LLC began coverage on Pluralsight in a research report on Monday, June 11th. They issued a “buy” rating and a $29.00 price target for the company. Finally, Morgan Stanley began coverage on Pluralsight in a research report on Monday, June 11th. They issued an “equal weight” rating and a $26.00 price target for the company. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $38.00.
NASDAQ:PS opened at $36.43 on Tuesday. Pluralsight Inc has a 1-year low of $19.25 and a 1-year high of $36.97.
Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, August 1st. The company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.28) by $0.07. The company had revenue of $53.60 million during the quarter, compared to analyst estimates of $50.83 million. The company’s revenue for the quarter was up 37.8% on a year-over-year basis. sell-side analysts predict that Pluralsight Inc will post -0.94 EPS for the current fiscal year.
Pluralsight, Inc operates a cloud-based technology learning platform worldwide. Its learning platform offers a range of tools, including skill 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 6,700 on-demand and online courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.
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