Wedbush Reaffirms “Outperform” Rating for Skillz (NYSE:SKLZ)

Wedbush reissued their outperform rating on shares of Skillz (NYSE:SKLZ) in a research note released on Friday, Benzinga reports. The brokerage currently has a $15.00 price target on the stock. Wedbush also issued estimates for Skillz’s Q1 2026 earnings at ($0.56) EPS and Q2 2026 earnings at ($0.87) EPS.

Separately, Jefferies Financial Group reduced their price target 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. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Skillz has a consensus rating of Hold and a consensus price target of $10.25.

Skillz Trading Up 0.5 %

NYSE:SKLZ traded up $0.03 during trading hours on Friday, hitting $6.13. 143,208 shares of the stock were exchanged, compared to its average volume of 138,312. The company has a market cap of $131.48 million, a P/E ratio of -1.19 and a beta of 2.78. Skillz has a 52-week low of $3.96 and a 52-week high of $10.66. The firm’s fifty day moving average price is $6.73 and its 200 day moving average price is $6.45.

Skillz (NYSE:SKLZ) last posted its quarterly earnings data on Thursday, August 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.36) by $0.79. The firm had revenue of $25.30 million for the quarter, compared to the consensus estimate of $26.64 million. Skillz had a negative return on equity of 40.12% and a negative net margin of 47.40%. During the same quarter in the previous year, the business earned ($1.62) EPS. Equities analysts expect that Skillz will post -5.07 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD boosted its stake in shares of Skillz by 16.1% during 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 last quarter. Trexquant Investment LP grew its holdings in Skillz by 82.4% during the 4th quarter. Trexquant Investment LP now owns 121,587 shares of the company’s stock worth $759,000 after acquiring an additional 54,930 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its position in shares of Skillz by 227.6% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 97,829 shares of the company’s stock worth $635,000 after purchasing an additional 67,966 shares during the last quarter. Institutional investors and hedge funds own 19.42% of the company’s stock.

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.