Swiss National Bank increased its stake in Skillz Inc. (NYSE:SKLZ – Get Rating) by 132.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 559,500 shares of the company’s stock after purchasing an additional 318,700 shares during the period. Swiss National Bank’s holdings in Skillz were worth $694,000 as of its most recent filing with the SEC.
Other hedge funds also recently modified their holdings of the company. Parametrica Management Ltd bought a new position in shares of Skillz in the second quarter worth $61,000. Mutual Advisors LLC boosted its stake in Skillz by 41.2% in the first quarter. Mutual Advisors LLC now owns 63,689 shares of the company’s stock valued at $191,000 after buying an additional 18,578 shares in the last quarter. Gradient Investments LLC acquired a new stake in Skillz in the first quarter valued at about $27,000. Brinker Capital Investments LLC acquired a new stake in Skillz in the second quarter valued at about $63,000. Finally, Commonwealth Equity Services LLC boosted its stake in Skillz by 57.0% in the first quarter. Commonwealth Equity Services LLC now owns 37,560 shares of the company’s stock valued at $112,000 after buying an additional 13,636 shares in the last quarter. Institutional investors own 37.38% of the company’s stock.
Skillz Stock Performance
Shares of SKLZ stock opened at $0.98 on Friday. The business’s 50-day moving average price is $1.02 and its 200-day moving average price is $1.33. Skillz Inc. has a 12 month low of $0.83 and a 12 month high of $10.17. The firm has a market capitalization of $412.61 million, a price-to-earnings ratio of -1.02 and a beta of 2.15. The company has a current ratio of 9.25, a quick ratio of 9.25 and a debt-to-equity ratio of 0.63.
Skillz (NYSE:SKLZ – Get Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. Skillz had a negative return on equity of 51.24% and a negative net margin of 115.00%. The firm had revenue of $60.26 million for the quarter, compared to analyst estimates of $54.73 million. Equities research analysts forecast that Skillz Inc. will post -0.83 EPS for the current year.
Analysts Set New Price Targets
Several analysts recently weighed in on SKLZ shares. Citigroup reduced their price objective on Skillz from $1.55 to $1.50 in a research note on Wednesday, August 31st. BTIG Research lowered Skillz from a “neutral” rating to a “sell” rating in a research note on Wednesday, October 12th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, Skillz currently has a consensus rating of “Hold” and an average target price of $4.83.
Skillz Company Profile
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.
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