Skillz Inc. (NYSE:SKLZ – Get Rating) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $6.60.
Skillz Inc (NYSE:SKLZ) Stock a Buy: An Esports Platform with Upside
Several research firms have recently weighed in on SKLZ. Citigroup decreased their price objective on shares of Skillz from $1.55 to $1.50 in a research report on Wednesday, August 31st. Canaccord Genuity Group cut shares of Skillz from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Canaccord Genuity Group cut shares of Skillz from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Lazard Asset Management LLC bought a new position in shares of Skillz in the fourth quarter valued at $37,000. Newbridge Financial Services Group Inc. lifted its position in shares of Skillz by 350.0% during the first quarter. Newbridge Financial Services Group Inc. now owns 9,000 shares of the company’s stock valued at $27,000 after purchasing an additional 7,000 shares in the last quarter. Gradient Investments LLC bought a new position in shares of Skillz during the first quarter valued at about $27,000. Gladstone Institutional Advisory LLC bought a new position in shares of Skillz during the first quarter valued at about $31,000. Finally, Ieq Capital LLC bought a new position in shares of Skillz during the first quarter valued at about $32,000. 37.38% of the stock is owned by institutional investors.
Skillz Price Performance
Shares of NYSE:SKLZ opened at $1.35 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 8.61 and a quick ratio of 8.61. Skillz has a one year low of $1.15 and a one year high of $13.13. The firm has a 50 day simple moving average of $1.49 and a 200 day simple moving average of $1.96. The company has a market cap of $565.88 million, a price-to-earnings ratio of -2.21 and a beta of 2.36.
Skillz Company Profile
Skillz Inc operates a mobile games platform that connects players in fair, fun, and meaningful competition. 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 worldwide.