Pluralsight (PS) Releases Q1 Earnings Guidance

Pluralsight (NASDAQ:PS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of ($0.09-0.08) for the period, compared to the Thomson Reuters consensus estimate of ($0.09). The company issued revenue guidance of $68-68.5 million, compared to the consensus revenue estimate of $67.67 million.Pluralsight also updated its FY19 guidance to ($0.32-0.26) EPS.

A number of research firms have issued reports on PS. Zacks Investment Research lowered Pluralsight from a hold rating to a sell rating in a research report on Wednesday, November 21st. Robert W. Baird began coverage on Pluralsight in a research report on Wednesday, November 28th. They issued an outperform rating and a $22.38 price target on the stock. Bank of America reduced their price target on Pluralsight from $36.00 to $32.00 and set a neutral rating on the stock in a research report on Thursday, October 25th. Finally, Raymond James reduced their price target on Pluralsight from $36.00 to $28.00 and set an outperform rating on the stock in a research report on Thursday, October 25th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus price target of $34.93.

NASDAQ:PS traded down $0.33 during mid-day trading on Wednesday, reaching $31.61. 1,215,760 shares of the stock were exchanged, compared to its average volume of 896,612. Pluralsight has a 1 year low of $17.88 and a 1 year high of $38.37.

In other Pluralsight news, CEO Aaron Skonnard sold 50,000 shares of Pluralsight stock in a transaction that occurred on Monday, January 28th. The stock was sold at an average price of $29.36, for a total value of $1,468,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Nate Walkingshaw sold 68,431 shares of Pluralsight stock in a transaction that occurred on Friday, February 1st. The shares were sold at an average price of $30.00, for a total value of $2,052,930.00. The disclosure for this sale can be found here. Insiders have sold a total of 775,265 shares of company stock worth $18,781,716 in the last 90 days.

TRADEMARK VIOLATION NOTICE: “Pluralsight (PS) Releases Q1 Earnings Guidance” was published by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.chaffeybreeze.com/2019/02/13/pluralsight-ps-releases-q1-earnings-guidance.html.

Pluralsight Company Profile

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.

Featured Story: Understanding Market Liquidity

Receive News & Ratings for Pluralsight Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pluralsight and related companies with MarketBeat.com's FREE daily email newsletter.



Leave a Reply