Wedbush reiterated their outperform rating on shares of Skillz (NYSE:SKLZ - Free Report) in a report released on Friday,RTT News reports. Wedbush currently has a $15.00 price objective on the stock.
Skillz Price Performance
NYSE:SKLZ traded down $0.08 during trading hours on Friday, hitting $4.57. The company's stock had a trading volume of 87,494 shares, compared to its average volume of 95,943. The stock has a fifty day simple moving average of $5.93 and a 200-day simple moving average of $5.61. The company has a market capitalization of $79.64 million, a P/E ratio of -2.03 and a beta of 2.74. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.80 and a quick ratio of 5.80. Skillz has a twelve month low of $4.33 and a twelve month high of $7.48.
Skillz (NYSE:SKLZ - Get Free Report) last released its quarterly earnings data on Thursday, March 13th. The company reported ($1.50) earnings per share for the quarter, missing the consensus estimate of ($0.89) by ($0.61). Skillz had a negative net margin of 40.87% and a negative return on equity of 38.95%. The business had revenue of $20.37 million during the quarter, compared to analyst estimates of $25.07 million. On average, analysts anticipate that Skillz will post -4.35 EPS for the current fiscal year.
Hedge Funds Weigh In On Skillz
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP lifted its stake in shares of Skillz by 36.5% in the third quarter. GSA Capital Partners LLP now owns 160,801 shares of the company's stock worth $904,000 after acquiring an additional 42,998 shares during the period. Jacobs Levy Equity Management Inc. lifted its stake in shares of Skillz by 58.3% in the third quarter. Jacobs Levy Equity Management Inc. now owns 83,939 shares of the company's stock worth $472,000 after acquiring an additional 30,903 shares during the period. R Squared Ltd acquired a new position in shares of Skillz in the fourth quarter worth approximately $35,000. Wealthquest Corp acquired a new position in shares of Skillz in the third quarter worth approximately $68,000. Finally, Two Sigma Advisers LP lifted its stake in shares of Skillz by 144.1% in the fourth quarter. Two Sigma Advisers LP now owns 27,610 shares of the company's stock worth $139,000 after acquiring an additional 16,300 shares during the period. 19.42% of the stock is owned by institutional investors and hedge funds.
About Skillz
(
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Skillz Inc operates a mobile game platform in the United States and internationally. The company primarily develops and supports a proprietary online-hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activity to end-users. The company distributes games through direct app download from its website, as well as through third-party platforms.
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