Two Sigma Advisers LP Buys 16,300 Shares of Skillz Inc. (NYSE:SKLZ)

Two Sigma Advisers LP grew its stake in shares of Skillz Inc. (NYSE:SKLZ) by 144.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,610 shares of the company’s stock after purchasing an additional 16,300 shares during the period. Two Sigma Advisers LP owned approximately 0.16% of Skillz worth $139,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Occudo Quantitative Strategies LP purchased a new position in Skillz during the fourth quarter valued at $57,000. BNP Paribas Financial Markets purchased a new stake in shares of Skillz in the fourth quarter worth approximately $78,000. Jane Street Group LLC purchased a new position in Skillz during the 4th quarter worth $132,000. PDT Partners LLC bought a new stake in Skillz during the 4th quarter valued at $141,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Skillz by 136.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 28,823 shares of the company’s stock worth $145,000 after purchasing an additional 16,622 shares in the last quarter. 19.42% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SKLZ. Wall Street Zen upgraded Skillz from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Skillz in a research report on Friday, March 14th.

Skillz Stock Up 0.5%

Shares of SKLZ opened at $6.32 on Friday. The company has a quick ratio of 5.80, a current ratio of 5.80 and a debt-to-equity ratio of 0.63. The firm has a market cap of $110.16 million, a PE ratio of -2.81 and a beta of 2.76. The company’s fifty day moving average is $5.25 and its two-hundred day moving average is $5.44. Skillz Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $7.48.

Skillz (NYSE:SKLZ) last released its earnings results on Thursday, May 8th. The company reported ($0.92) earnings per share for the quarter, topping the consensus estimate of ($1.09) by $0.17. The company had revenue of $22.41 million during the quarter, compared to the consensus estimate of $21.57 million. Skillz had a negative net margin of 40.87% and a negative return on equity of 38.95%. Analysts forecast that Skillz Inc. will post -4.35 earnings per share for the current year.

Skillz Company Profile

Skillz Inc operates a mobile game platform in the United States and internationally. 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. The company distributes games through direct app download from its website, as well as through third-party platforms.