Momentum Stock Watch: Pluralsight, Inc. (PS)

Company Profile:

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. The company’s learning platform also provides Learning Paths that are curated to take users through a set of courses designed to help them master a particular subject area based on either an assessment or a user’s goals; and business analytics tools, which enable business customers to evaluate the technology skills of their teams, align learning to key business objectives, determine the usage of platform, examine trends in skill development, and quantify the impact of platform on their business. Pluralsight, Inc. was founded in 2004 and is headquartered in Farmington, Utah.

Recent News:

On Oct. 30, 2018, the company announced the appointments of Leah Johnson and Bonita Stewart as independent directors for the company. Johnson is the founder and CEO of LCJ Solutions. Stewart currently serves as vice president of global partnerships at Google.

The company reported a loss of $14.2 million in its third quarter. The results surpassed Wall Street expectations. It posted revenue of $61.6 million in the period, which also beat Street forecasts.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

PS’s strengths can be seen in its better growth and robust profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, The RSI is rising and in the bullish zone with the MACD also moving higher. We rate Pluralsight, Inc. (PS) a STRONG BUY.

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