SG Americas Securities LLC has its shareholding in Skillz Inc. (NYSE:SKLZ – Get Rating) down 47.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund held 134,788 shares of the company, after selling 123,842 shares during the quarter. SG Americas Securities LLC’s holdings in Skillz were worth $404,000 at the time of its most recent filing with the SEC.
A number of other major investors have also recently changed their holdings in the company. Wildcat Capital Management LLC increased its stake in Skillz stock by 1.7% during the fourth quarter. Wildcat Capital Management LLC now owns 21,632,157 shares of the company worth $160,943,000 after buying an additional 366,338 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its shareholding in Skillz by 26.3% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 6,535,323 shares of the company worth $48,623,000 after buying an additional 1,361,570 shares in the last quarter. Nikko Asset Management Americas Inc. increased its stake in Skillz shares by 26.4% during the fourth quarter. Nikko Asset Management Americas Inc. now owns 6,531,370 shares of the company worth $49,769,000, having purchased an additional 1,362,937 shares in the last quarter. Northern Trust Corp increased its holding in Skillz stock by 2.0% in the fourth quarter. Northern Trust Corp now owns 1,107,119 shares of the company worth $8,237,000 after buying an additional 21,463 shares in the last quarter. Finally, Connor acquired Clark & Lunn Investment Management Ltd. in the fourth quarter, a new position in Skillz stock worth approximately $7,844,000. 44.94% of the shares are currently owned by institutional investors and hedge funds.
Skillz Stock Performance
Skillz shares opened Friday at $1.68. The company has a debt-to-equity ratio of 0.51, a current ratio of 7.12 and a quick ratio of 7.12. The stock has a 50-day moving average of $1.50 and a two-hundred-day moving average of $2.46. Skillz Inc. has a 52-week low of $1.15 and a 52-week high of $13.98. The company has a market cap of $688.01 million, a P/E ratio of -2.75 and a beta of 2.37.
Skillz (NYSE:SKLZ – Get Rating) last released its quarterly results on Wednesday, May 4. The company reported earnings per share (EPS) ($0.18) for the quarter, reaching the consensus estimate of ($0.18). Skillz had a negative return on equity of 42.87% and a negative net margin of 68.02%. The company had revenue of $93.44 million in the quarter, compared to analyst estimates of $90.87 million. In the same period last year, the company posted earnings per share of $0.13. The company’s revenue for the quarter was up 11.7% compared to the same quarter last year. As a group, analysts expect Skillz Inc. will achieve -0.79 EPS for the current fiscal year.
Wall Street analyst weighs in
SKLZ has been the subject of a number of recent research reports. Canaccord Genuity Group downgraded Skillz from a “buy” to a “hold” rating in a research note Thursday. Citigroup downgraded Skillz from a “hold” rating to a “reduce” rating in a research note on Thursday. Finally, in a research note Thursday, Canaccord Genuity Group downgraded Skillz from a “buy” rating to a “hold” rating. An investment analyst has rated the stock with a sell recommendation, four have issued a hold rating and two have issued a buy rating on the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $6.80.
About Skillz
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Skillz Inc operates a mobile gaming platform that connects players in fair, fun and meaningful competitions. The company primarily develops and supports its own online hosted technology platform that enables independent game developers to host tournaments and provide competitive gaming activities to end users around the world.
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