Skillz (NYSE:FIRY) Raised to Sell at Wall Street Zen

Skillz (NYSE:FIRYGet Free Report) was upgraded by Wall Street Zen from a “strong sell” rating to a “sell” rating in a research report issued on Monday, Wall Street Zen reports.

Separately, Weiss Ratings initiated coverage on shares of Skillz in a report on Monday, July 6th. They set a “sell (d-)” rating for the company. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Skillz currently has a consensus rating of “Hold”.

Read Our Latest Stock Report on FIRY

Skillz Price Performance

Skillz stock opened at $9.89 on Monday. The business’s 50 day moving average is $9.36. Skillz has a 12 month low of $2.23 and a 12 month high of $20.00. The stock has a market capitalization of $164.37 million, a PE ratio of -2.24 and a beta of 4.59.

Skillz (NYSE:FIRYGet Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($1.52) earnings per share (EPS) for the quarter. Skillz had a negative net margin of 60.23% and a negative return on equity of 66.50%. The firm had revenue of $30.99 million during the quarter.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Hsbc Holdings PLC acquired a new stake in Skillz in the fourth quarter valued at $44,000. Public Employees Retirement System of Ohio boosted its position in shares of Skillz by 496.5% during the 4th quarter. Public Employees Retirement System of Ohio now owns 11,929 shares of the company’s stock worth $51,000 after purchasing an additional 9,929 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Skillz during the 3rd quarter worth $97,000. Hudson Bay Capital Management LP acquired a new position in shares of Skillz during the 4th quarter worth $55,000. Finally, Bridgeway Capital Management LLC purchased a new position in shares of Skillz in the 2nd quarter valued at about $93,000. Institutional investors and hedge funds own 19.42% of the company’s stock.

Skillz Company Profile

(Get Free Report)

Skillz Inc is a mobile games platform that enables developers to build competitive, skill-based games and allows players to compete against one another in real-time contests. The company provides tools and services designed to help game studios add tournament-style gameplay, player matching, and social competition features to mobile titles.

Through its platform, Skillz hosts and powers multiplayer competitions across a range of casual game genres, with an emphasis on monetization through paid contests and in-game competition.

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