Skillz Inc. (NYSE:SKLZ) Receives Consensus Rating of “Hold” from Analysts

Skillz Inc. (NYSE:SKLZGet Rating) has earned a consensus recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $3.75.

A number of analysts recently weighed in on the stock. BTIG Research downgraded shares of Skillz from a “neutral” rating to a “sell” rating in a research report on Wednesday, October 12th. Canaccord Genuity Group downgraded shares of Skillz from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Canaccord Genuity Group downgraded shares of Skillz from a “buy” rating to a “hold” rating in a research report on Thursday, August 4th. Finally, Citigroup cut their price target on shares of Skillz from $1.55 to $1.50 in a research report on Wednesday, August 31st.

Skillz Stock Performance

Shares of NYSE:SKLZ opened at $0.97 on Friday. The company has a market capitalization of $407.69 million, a price-to-earnings ratio of -1.01 and a beta of 2.20. The firm’s 50 day simple moving average is $1.03 and its 200 day simple moving average is $1.36. The company has a debt-to-equity ratio of 0.63, a current ratio of 9.25 and a quick ratio of 9.25. Skillz has a fifty-two week low of $0.83 and a fifty-two week high of $10.17.

Institutional Investors Weigh In On Skillz

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Gradient Investments LLC acquired a new position in Skillz in the first quarter valued at about $27,000. Gladstone Institutional Advisory LLC acquired a new position in Skillz in the first quarter valued at about $31,000. Signaturefd LLC raised its stake in Skillz by 106.7% in the first quarter. Signaturefd LLC now owns 10,850 shares of the company’s stock valued at $33,000 after purchasing an additional 5,600 shares in the last quarter. Ethic Inc. acquired a new position in Skillz in the first quarter valued at about $34,000. Finally, Vident Investment Advisory LLC acquired a new position in Skillz in the first quarter valued at about $35,000. Institutional investors and hedge funds own 37.38% of the company’s stock.

Skillz Company Profile

(Get Rating)

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.

Further Reading

Analyst Recommendations for Skillz (NYSE:SKLZ)

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