Voya Financial Advisors Inc. Boosts Stock Holdings in Pluralsight Inc (NASDAQ:PS)

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Voya Financial Advisors Inc. raised its holdings in shares of Pluralsight Inc (NASDAQ:PS) by 10.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,280 shares of the company’s stock after buying an additional 1,860 shares during the period. Voya Financial Advisors Inc.’s holdings in Pluralsight were worth $314,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Quantamental Technologies LLC bought a new position in shares of Pluralsight during the second quarter valued at about $31,000. Daiwa Securities Group Inc. raised its stake in shares of Pluralsight by 46.6% during the third quarter. Daiwa Securities Group Inc. now owns 1,950 shares of the company’s stock valued at $33,000 after acquiring an additional 620 shares during the last quarter. TCI Wealth Advisors Inc. raised its stake in shares of Pluralsight by 121.5% during the third quarter. TCI Wealth Advisors Inc. now owns 2,268 shares of the company’s stock valued at $38,000 after acquiring an additional 1,244 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Pluralsight by 530.3% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,645 shares of the company’s stock valued at $50,000 after acquiring an additional 1,384 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Pluralsight by 43.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,940 shares of the company’s stock valued at $66,000 after acquiring an additional 1,188 shares during the last quarter. Institutional investors and hedge funds own 82.23% of the company’s stock.

In related news, Director Gary L. Crittenden purchased 14,600 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $17.11 per share, with a total value of $249,806.00. Also, insider Frederick Onion purchased 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was bought at an average cost of $17.19 per share, with a total value of $515,700.00. 23.19% of the stock is owned by corporate insiders.

PS has been the subject of several recent analyst reports. KeyCorp lowered their price objective on shares of Pluralsight from $28.00 to $25.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Morgan Stanley initiated coverage on shares of Pluralsight in a research note on Monday, November 25th. They set an “equal weight” rating and a $20.00 price objective for the company. Bank of America lowered their price objective on shares of Pluralsight from $25.00 to $22.00 and set a “neutral” rating for the company in a research note on Thursday, August 29th. Zacks Investment Research raised shares of Pluralsight from a “sell” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Needham & Company LLC lowered their price objective on shares of Pluralsight from $36.00 to $25.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $26.11.

PS stock opened at $16.99 on Monday. Pluralsight Inc has a 1 year low of $14.84 and a 1 year high of $35.70. The company has a market cap of $2.39 billion, a P/E ratio of -11.64 and a beta of 2.22. The firm has a 50-day moving average of $17.40 and a 200 day moving average of $22.81. The company has a debt-to-equity ratio of 1.80, a current ratio of 2.35 and a quick ratio of 2.35.

Pluralsight (NASDAQ:PS) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.14) by $0.06. Pluralsight had a negative net margin of 32.59% and a negative return on equity of 46.91%. The company had revenue of $82.60 million during the quarter, compared to the consensus estimate of $79.83 million. During the same period in the prior year, the firm earned ($0.10) earnings per share. Pluralsight’s revenue was up 34.1% on a year-over-year basis. On average, equities research analysts expect that Pluralsight Inc will post -1.03 earnings per share for the current fiscal year.

About Pluralsight

Pluralsight, Inc provides a technology skill development solutions worldwide. Its cloud-based technology skills platform offers a range of tools, including skill and role 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 a digital ecosystem of thousands of on-demand courses across a range of technology subject areas, such as cloud, mobile, security, IT, and data.

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Institutional Ownership by Quarter for Pluralsight (NASDAQ:PS)

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