Skillz Inc. (NYSE:SKLZ) Shares Sold by Trexquant Investment LP

Trexquant Investment LP trimmed its position in shares of Skillz Inc. (NYSE:SKLZ) by 11.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,925 shares of the company’s stock after selling 5,888 shares during the quarter. Trexquant Investment LP’s holdings in Skillz were worth $226,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd purchased a new stake in Skillz in the 4th quarter valued at approximately $35,000. Wealthquest Corp acquired a new stake in shares of Skillz in the 3rd quarter valued at approximately $68,000. Finally, LPL Financial LLC purchased a new stake in shares of Skillz in the fourth quarter valued at approximately $74,000. 19.42% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wedbush reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Skillz in a report on Friday, March 14th.

Skillz Stock Down 1.4 %

SKLZ stock opened at $4.09 on Tuesday. The company has a current ratio of 5.80, a quick ratio of 5.80 and a debt-to-equity ratio of 0.63. The company’s 50-day moving average price is $5.17 and its 200 day moving average price is $5.40. Skillz Inc. has a 52 week low of $3.54 and a 52 week high of $7.48. The company has a market cap of $71.29 million, a P/E ratio of -1.82 and a beta of 2.75.

Skillz (NYSE:SKLZ) last released its quarterly earnings results on Thursday, March 13th. The company reported ($1.50) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.89) by ($0.61). Skillz had a negative return on equity of 38.95% and a negative net margin of 40.87%. The firm had revenue of $20.37 million during the quarter, compared to analyst estimates of $25.07 million. On average, research analysts expect that Skillz Inc. will post -4.35 earnings per share for the current fiscal 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.