Skillz Inc. (NYSE:SKLZ) Shares Sold by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System decreased its holdings in Skillz Inc. (NYSE:SKLZGet Rating) by 71.3% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 90,462 shares of the company’s stock after selling 224,338 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Skillz were worth $112,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Renaissance Technologies LLC purchased a new stake in Skillz during the 1st quarter worth approximately $48,225,000. Vanguard Group Inc. grew its position in shares of Skillz by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,475,131 shares of the company’s stock valued at $46,425,000 after purchasing an additional 574,314 shares in the last quarter. BlackRock Inc. grew its position in shares of Skillz by 0.6% in the first quarter. BlackRock Inc. now owns 11,533,035 shares of the company’s stock valued at $34,599,000 after purchasing an additional 74,218 shares in the last quarter. State Street Corp grew its position in shares of Skillz by 58.1% in the first quarter. State Street Corp now owns 6,981,329 shares of the company’s stock valued at $20,944,000 after purchasing an additional 2,564,912 shares in the last quarter. Finally, Coastal Bridge Advisors LLC grew its position in shares of Skillz by 2,216.8% in the first quarter. Coastal Bridge Advisors LLC now owns 2,555,171 shares of the company’s stock valued at $7,666,000 after purchasing an additional 2,444,880 shares in the last quarter. Institutional investors and hedge funds own 37.38% of the company’s stock.

Skillz Trading Up 2.2 %

Shares of Skillz stock opened at $0.94 on Wednesday. The firm has a market capitalization of $395.84 million, a price-to-earnings ratio of -0.98 and a beta of 2.20. Skillz Inc. has a fifty-two week low of $0.83 and a fifty-two week high of $10.17. The company has a debt-to-equity ratio of 0.63, a quick ratio of 9.25 and a current ratio of 9.25. The stock has a 50 day moving average of $1.04 and a 200 day moving average of $1.37.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Canaccord Genuity Group lowered Skillz from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Canaccord Genuity Group lowered Skillz from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. BTIG Research lowered Skillz from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 12th. Finally, Citigroup lowered their price objective on Skillz from $1.55 to $1.50 in a research report on Wednesday, August 31st. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Skillz currently has an average rating of “Hold” and a consensus target price of $4.83.

Skillz Company Profile

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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.

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Institutional Ownership by Quarter for Skillz (NYSE:SKLZ)

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