Brokerages Expect Pluralsight Inc (PS) Will Announce Quarterly Sales of $65.72 Million

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Analysts expect Pluralsight Inc (NASDAQ:PS) to post $65.72 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Pluralsight’s earnings. The highest sales estimate is $65.86 million and the lowest is $65.50 million. The business is scheduled to report its next quarterly earnings report on Wednesday, January 23rd.

According to Zacks, analysts expect that Pluralsight will report full-year sales of $230.50 million for the current financial year, with estimates ranging from $230.27 million to $230.62 million. For the next fiscal year, analysts anticipate that the business will report sales of $306.71 million, with estimates ranging from $302.59 million to $309.30 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Pluralsight.

Pluralsight (NASDAQ:PS) last posted its quarterly earnings results on Wednesday, October 24th. The company reported ($0.10) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.06. The company had revenue of $61.55 million for the quarter, compared to analysts’ expectations of $57.57 million.

Several research analysts have recently commented on PS shares. Bank of America lifted their price target on Pluralsight from $30.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, August 30th. Morgan Stanley upgraded Pluralsight from an “equal” rating to a “weight” rating in a report on Thursday, August 2nd. First Analysis restated a “positive” rating and issued a $45.00 price objective on shares of Pluralsight in a report on Friday, September 7th. JPMorgan Chase & Co. boosted their price objective on shares of Pluralsight to $44.00 and gave the company an “overweight” rating in a report on Thursday, August 30th. Finally, Zacks Investment Research upgraded shares of Pluralsight from a “sell” rating to a “hold” rating in a report on Thursday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $36.50.

Institutional investors and hedge funds have recently modified their holdings of the stock. DekaBank Deutsche Girozentrale boosted its holdings in Pluralsight by 112.4% in the third quarter. DekaBank Deutsche Girozentrale now owns 39,500 shares of the company’s stock valued at $1,327,000 after purchasing an additional 20,900 shares in the last quarter. BlackRock Inc. lifted its stake in Pluralsight by 48.9% in the third quarter. BlackRock Inc. now owns 1,775,707 shares of the company’s stock valued at $56,824,000 after buying an additional 582,839 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Pluralsight by 304.2% in the third quarter. Bank of New York Mellon Corp now owns 54,681 shares of the company’s stock valued at $1,750,000 after buying an additional 41,153 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in Pluralsight in the third quarter valued at approximately $417,000. Finally, Rhumbline Advisers purchased a new stake in Pluralsight in the third quarter valued at approximately $550,000. Hedge funds and other institutional investors own 50.81% of the company’s stock.

Shares of NASDAQ PS traded down $1.16 during trading on Monday, hitting $21.23. 620,146 shares of the company were exchanged, compared to its average volume of 946,817. Pluralsight has a 12-month low of $19.25 and a 12-month high of $38.37.

About Pluralsight

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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