Pluralsight, Inc. (NASDAQ:PS) has a beta value of 0 and has seen 1,406,761 shares traded in the last trading session. The company, currently valued at $2.54 Billion, closed the last trade at $17.61 per share which meant it gained $0.9 on the day or 5.39% during that session. The PS stock price is -28.85% off its 52-week high price of $22.69 and 62.58% above the 52-week low of $6.59. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.35 Million shares traded. The 3-month trading volume is 1.68 Million shares.
The consensus among analysts is that Pluralsight, Inc. (PS) is a Buy stock at the moment, with a recommendation rating of 1.9. None of the analysts rate the stock as a Sell, while 2 rate it as Overweight. 2 out of 15 have rated it as a Hold, with 11 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.06.
Pluralsight, Inc. (NASDAQ:PS) trade information
Sporting 5.39% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Sep 15 when the PS stock price touched $17.75- or saw a rise of 0.79%. Year-to-date, Pluralsight, Inc. shares have moved 2.32%, while the 5-day performance has seen it change 5.45%. Over the past 30 days, the shares of Pluralsight, Inc. (NASDAQ:PS) have changed -14.22%. Short interest in the company has seen 8.33 Million shares shorted with days to cover at 4.96.
Wall Street analysts have a consensus price target for the stock at $24.43, which means that the shares’ value could jump 38.73% from current levels. The projected low price target is $20 while the price target rests at a high of $29. In that case, then, we find that the current price level is +64.68% off the targeted high while a plunge would see the stock lose 13.57% from current levels.
Pluralsight, Inc. (PS) estimates and forecasts
Figures show that Pluralsight, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +104.29% over the past 6 months, with this year growth rate of -23.33%, compared to 2.4% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 25% and 33.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be +20.7%.
13 analysts offering their estimates for the company have set an average revenue estimate of $95.43 Million for the current quarter. 13 have an estimated revenue figure of $99.86 Million for the next quarter concluding in December 01, 2020. Year-ago sales stood $79.82 Million and $88.81 Million respectively for this quarter and the next, and analysts expect sales will grow by 19.6% for the current quarter and 12.4% for the next.
Earnings growth for 2020 is a modest +72.6% while over the next 5 years, the company’s earnings are expected to increase by 30%.
Pluralsight, Inc. (NASDAQ:PS)’s Major holders
Insiders own 5.46% of the company shares, while shares held by institutions stand at 111.03% with a share float percentage of 117.44%. Investors are also buoyed by the number of investors in a company, with Pluralsight, Inc. having a total of 277 institutions that hold shares in the company. The top two institutional holders are FMR, LLC with over 16.32 Million shares worth more than $294.59 Million. As of June 29, 2020, FMR, LLC held 14.58% of shares outstanding.
The other major institutional holder is Insight Holdings Group, Llc, with the holding of over 10.45 Million shares as of June 29, 2020. The firm’s total holdings are worth over $188.62 Million and represent 9.34% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity Select Portfolios – Software & IT Services Portfolio and Fidelity Central Investment Port-Information Technology Central Fd. As of June 29, 2020, the former fund manager holds about 4.23% shares in the company for having 4730200 shares of worth $85.38 Million while later fund manager owns 2.64 Million shares of worth $47.59 Million as of June 29, 2020, which makes it owner of about 2.36% of company’s outstanding stock.