Barrington analyst Alexander Paris reiterated a Buy rating on Pluralsight Inc (PS – Research Report) today and set a price target of $26.00. The company’s shares closed last Monday at $17.89, close to its 52-week low of $14.84.
According to TipRanks.com, Paris ‘ ranking currently consits of no stars on a 0-5 ranking scale, with an average return of -4.3% and a 35.5% success rate. Paris covers the Services sector, focusing on stocks such as Adtalem Global Education Inc, American Public Education, and Strategic Education Inc.
Currently, the analyst consensus on Pluralsight Inc is a Strong Buy with an average price target of $25.00, which is a 40.5% upside from current levels. In a report issued on October 17, Needham also maintained a Buy rating on the stock with a $36.00 price target.
Based on Pluralsight Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $29.38 million. In comparison, last year the company had a GAAP net loss of $14.16 million.
Based on the recent corporate insider activity of 106 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PS in relation to earlier this year.
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Pluralsight, Inc. engages in the provision of technology skill development solutions. It offers a cloud-based technology learning platform which provides a broad range of tool, including skill assessments, a curated library of courses, learning paths, and business analytics.