Pluralsight (PS) Received its Third Buy in a Row


After Barclays and SunTrust Robinson gave Pluralsight (NASDAQ: PS) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Alexander Paris reiterated a Buy rating on Pluralsight today and set a price target of $24.00. The company’s shares closed last Thursday at $20.64.

According to TipRanks.com, Paris is a 4-star analyst with an average return of 2.9% and a 44.5% success rate. Paris covers the Services sector, focusing on stocks such as Universal Technical Institute, American Public Education, and Adtalem Global Education.

Currently, the analyst consensus on Pluralsight is a Strong Buy with an average price target of $22.38, which is a 10.7% upside from current levels. In a report released today, Barclays also maintained a Buy rating on the stock with a $24.00 price target.

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The company has a one-year high of $31.66 and a one-year low of $6.59. Currently, Pluralsight has an average volume of 1.83M.

Based on the recent corporate insider activity of 77 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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. The company was founded by Aaron Skonnard, Frederick Onion, Keith Brown, Fritz Onion and Bill Williams in 2004 and is headquartered in Farmington, UT.

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