Wall Street Zen lowered shares of Skillz (NYSE:FIRY – Free Report) from a hold rating to a sell rating in a research report report published on Saturday.
Separately, Weiss Ratings began coverage on Skillz in a research note on Monday, July 6th. They set a “sell (d-)” rating on the stock. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold”.
Read Our Latest Stock Report on Skillz
Skillz Price Performance
Skillz (NYSE:FIRY – Get Free Report) last posted its earnings results on Thursday, August 13th. The company reported ($1.52) earnings per share for the quarter. The business had revenue of $30.99 million during the quarter. Skillz had a negative return on equity of 62.22% and a negative net margin of 60.23%.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Skillz by 80.4% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 116,052 shares of the company’s stock worth $928,000 after acquiring an additional 51,724 shares during the last quarter. Squarepoint Ops LLC boosted its stake in shares of Skillz by 163.1% during the 3rd quarter. Squarepoint Ops LLC now owns 35,962 shares of the company’s stock worth $288,000 after purchasing an additional 22,293 shares during the period. Jane Street Group LLC grew its holdings in Skillz by 15.9% during the 2nd quarter. Jane Street Group LLC now owns 27,282 shares of the company’s stock valued at $186,000 after purchasing an additional 3,738 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Skillz by 37.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,771 shares of the company’s stock valued at $150,000 after purchasing an additional 9,402 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Skillz during the 2nd quarter valued at about $112,000. Institutional investors 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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