12,197 Shares in Skillz Inc. (NYSE:SKLZ) Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP purchased a new stake in Skillz Inc. (NYSE:SKLZ) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 12,197 shares of the company’s stock, valued at approximately $88,000.

Separately, Price T Rowe Associates Inc. MD boosted its position in Skillz by 16.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 34,592 shares of the company’s stock valued at $225,000 after buying an additional 4,800 shares during the period. Hedge funds and other institutional investors own 19.42% of the company’s stock.

Skillz Trading Down 0.7 %

NYSE SKLZ opened at $5.50 on Wednesday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 6.38 and a current ratio of 6.38. The firm has a market cap of $117.96 million, a PE ratio of -1.08 and a beta of 2.78. Skillz Inc. has a one year low of $4.22 and a one year high of $7.48. The firm’s fifty day moving average is $5.81 and its two-hundred day moving average is $6.28.

Skillz (NYSE:SKLZ) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.57) EPS for the quarter, beating analysts’ consensus estimates of ($1.36) by $0.79. The company had revenue of $25.30 million for the quarter, compared to analyst estimates of $26.64 million. Skillz had a negative net margin of 47.40% and a negative return on equity of 43.56%. During the same period in the previous year, the business posted ($1.62) earnings per share. Analysts expect that Skillz Inc. will post -4 earnings per share for the current year.

Wall Street Analyst Weigh In

SKLZ has been the topic of a number of analyst reports. Jefferies Financial Group reduced their price objective on shares of Skillz from $7.00 to $6.50 and set a “hold” rating on the stock in a report on Thursday, July 11th. Wedbush restated an “outperform” rating and issued a $15.00 price objective on shares of Skillz in a report on Friday, August 2nd.

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.