Skillz (SKLZ – Research Report) received a Hold rating and price target from BTIG analyst Clark Lampen today. The company’s shares closed last Friday at $4.82.
According to TipRanks, Lampen is an analyst with an average return of -12.0% and a 39.13% success rate. Lampen covers the Technology sector, focusing on stocks such as Unity Software, Roblox, and AppLovin.
Skillz has an analyst consensus of Moderate Buy, with a price target consensus of $14.00.
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Based on Skillz’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $40.17 million and a GAAP net loss of $21.99 million. In comparison, last year the company earned a revenue of $71.76 million and had a GAAP net loss of $62.61 million
Based on the recent corporate insider activity of 21 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of SKLZ in relation to earlier this year. Most recently, in August 2023, Chafkin Casey, the CSO of SKLZ bought 87,805.00 shares for a total of $87,805.00.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Skillz (SKLZ) Company Description:
Founded in 2012, Skillz operates as a marketplace that connects mobile game players worldwide and provides a competitive gaming experience. The company leverages its platform to host casual eSports tournaments.
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