Skillz (NYSE:SKLZ) Given “Outperform” Rating at Wedbush

Wedbush reiterated their outperform rating on shares of Skillz (NYSE:SKLZ) in a research note released on Friday morning,RTT News reports. Wedbush currently has a $15.00 price objective on the stock.

Skillz Stock Down 14.0 %

SKLZ opened at $4.40 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 5.80 and a quick ratio of 5.80. The business has a 50 day simple moving average of $5.97 and a 200-day simple moving average of $5.63. The stock has a market capitalization of $76.61 million, a P/E ratio of -1.95 and a beta of 2.74. Skillz has a 12 month low of $4.33 and a 12 month high of $7.48.

Institutional Trading of Skillz

Several hedge funds have recently modified their holdings of SKLZ. R Squared Ltd acquired a new stake in shares of Skillz in the 4th quarter valued at approximately $35,000. Occudo Quantitative Strategies LP acquired a new position in Skillz during the fourth quarter worth $57,000. Wealthquest Corp acquired a new position in Skillz during the third quarter worth $68,000. LPL Financial LLC acquired a new position in Skillz during the fourth quarter worth $74,000. Finally, BNP Paribas Financial Markets acquired a new position in Skillz during the fourth quarter worth $78,000. 19.42% of the stock is owned by institutional investors and hedge funds.

About Skillz

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.