Pluralsight Inc. [NASDAQ: PS] slipped around -0.01 points on Thursday, while shares priced at $22.30 at the close of the session, down -0.04%. The company report on March 25, 2021 that TeamHealth Upskills in Machine Learning with Pluralsight Skills to Automate Services and Generate $5 Million in Potential Annual Savings.
Pluralsight, Inc. (NASDAQ: PS), the technology workforce development company, announced TeamHealth, a physician services company, upskilled its team in machine learning and AWS using Pluralsight Skills to solve a critical technology objective and deliver cost savings.
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TeamHealth offers the highest quality staffing, administrative support and management across the full continuum of health care, from hospital-based practices to post-acute care and ambulatory centers. To empower physicians to provide the best quality care, TeamHealth relies heavily on its technology teams to continually upskill on new technologies to iterate on their user experience and deliver on strategic objectives for the business.
Pluralsight Inc. stock is now 6.39% up from its year-to-date (YTD) trading value. PS Stock saw the intraday high of $22.38 and lowest of $22.22 per share. The company’s 52-week high price is 22.69, which means current price is +11.56% above from all time high which was touched on 03/16/21.
Compared to the average trading volume of 2.51M shares, PS reached a trading volume of 13568893 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Pluralsight Inc. [PS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for PS shares is $20.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on PS stock is a recommendation set at 3.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Truist have made an estimate for Pluralsight Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on January 04, 2021. The new note on the price target was released on December 14, 2020, representing the official price target for Pluralsight Inc. stock. Previously, the target price had yet another raise to $20, while JP Morgan analysts kept a Underweight rating on PS stock. On November 06, 2020, analysts decreased their price target for PS shares from 29 to 20.
The Average True Range (ATR) for Pluralsight Inc. is set at 0.32, with the Price to Sales ratio for PS stock in the period of the last 12 months amounting to 8.44. The Price to Book ratio for the last quarter was 16.04, with the Price to Cash per share for the same quarter was set at 2.69.
How has PS stock performed recently?
Pluralsight Inc. [PS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by 0.00. With this latest performance, PS shares gained by 6.19% in over the last four-week period, additionally plugging by 34.58% over the last 6 months – not to mention a rise of 97.70% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for PS stock in for the last two-week period is set at 64.36, with the RSI for the last a single of trading hit 66.76, and the three-weeks RSI is set at 62.48 for Pluralsight Inc. [PS]. The present Moving Average for the last 50 days of trading for this stock 21.42, while it was recorded at 22.32 for the last single week of trading, and 19.27 for the last 200 days.
Pluralsight Inc. [PS]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Pluralsight Inc. [PS] shares currently have an operating margin of -36.57 and a Gross Margin at +78.71. Pluralsight Inc.’s Net Margin is presently recorded at -32.68.
Return on Total Capital for PS is now -18.89, given the latest momentum, and Return on Invested Capital for the company is -18.25. Return on Equity for this stock declined to -73.12, with Return on Assets sitting at -11.73. When it comes to the capital structure of this company, Pluralsight Inc. [PS] has a Total Debt to Total Equity ratio set at 347.86. Additionally, PS Total Debt to Total Capital is recorded at 77.67, with Total Debt to Total Assets ending up at 50.57. Long-Term Debt to Equity for the company is recorded at 341.67, with the Long-Term Debt to Total Capital now at 76.29.
Reflecting on the efficiency of the workforce at the company, Pluralsight Inc. [PS] managed to generate an average of -$75,341 per employee. Receivables Turnover for the company is 3.56 with a Total Asset Turnover recorded at a value of 0.36.Pluralsight Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.
Earnings analysis for Pluralsight Inc. [PS]
With the latest financial reports released by the company, Pluralsight Inc. posted -0.09/share EPS, while the average EPS was predicted by analysts to be reported at -0.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 30.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for PS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Pluralsight Inc. go to 30.00%.
Insider trade positions for Pluralsight Inc. [PS]
There are presently around $2,599 million, or 98.10% of PS stock, in the hands of institutional investors. The top three institutional holders of PS stocks are: FMR LLC with ownership of 9,898,836, which is approximately -40.224% of the company’s market cap and around 0.80% of the total institutional ownership; VANGUARD GROUP INC, holding 9,582,912 shares of the stock with an approximate value of $213.7 million in PS stocks shares; and ARROWMARK COLORADO HOLDINGS LLC, currently with $195.74 million in PS stock with ownership of nearly 7.911% of the company’s market capitalization.
Positions in Pluralsight Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 140 institutional holders increased their position in Pluralsight Inc. [NASDAQ:PS] by around 39,876,238 shares. Additionally, 128 investors decreased positions by around 41,450,596 shares, while 23 investors held positions by with 35,228,687 shares. The mentioned changes placed institutional holdings at 116,555,521 shares, according to the latest SEC report filing. PS stock had 78 new institutional investments in for a total of 27,328,903 shares, while 56 institutional investors sold positions of 13,542,338 shares during the same period.