Skillz (NYSE:FIRY – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “sell” rating to a “strong sell” rating in a research report issued on Sunday.
Separately, Weiss Ratings started coverage on Skillz in a research report on Monday, July 6th. They issued a “sell (d-)” rating for the company. 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 company presently has a consensus rating of “Hold”.
Get Our Latest Stock Analysis on FIRY
Skillz Stock Performance
Skillz (NYSE:FIRY – Get Free Report) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($1.52) EPS for the quarter. Skillz had a negative return on equity of 66.50% and a negative net margin of 60.23%.The company had revenue of $30.99 million during the quarter.
Institutional Investors Weigh In On Skillz
Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted 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 worth $150,000 after acquiring an additional 9,402 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Skillz in the third quarter valued at about $97,000. Squarepoint Ops LLC raised its holdings in shares of Skillz by 163.1% in the third quarter. Squarepoint Ops LLC now owns 35,962 shares of the company’s stock valued at $288,000 after purchasing an additional 22,293 shares during the last quarter. Bridgeway Capital Management LLC bought a new position in shares of Skillz during the second quarter valued at about $93,000. Finally, Jane Street Group LLC lifted its position in shares of Skillz by 15.9% during the second 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 in the last quarter. 19.42% of the stock is owned by hedge funds and other institutional investors.
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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