Skillz (NYSE:FIRY – Get 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 (NYSE:FIRY – Get 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
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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