Skillz (NYSE:SKLZ) Earns “Outperform” Rating from Wedbush

Wedbush reissued their outperform rating on shares of Skillz (NYSE:SKLZ) in a research report report published on Friday morning, Benzinga reports. The firm currently has a $15.00 target price 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 dropped their price objective on Skillz from $7.00 to $6.50 and set a hold rating for the company in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Skillz currently has an average rating of Hold and a consensus price target of $10.25.

Skillz Trading Down 1.1 %

SKLZ traded down $0.07 during midday trading on Friday, hitting $6.06. The company’s stock had a trading volume of 51,002 shares, compared to its average volume of 137,673. Skillz has a 52-week low of $3.96 and a 52-week high of $10.66. The firm has a 50-day moving average price of $6.73 and a two-hundred day moving average price of $6.46. The firm has a market cap of $129.97 million, a P/E ratio of -1.20 and a beta of 2.78.

Skillz (NYSE:SKLZ) last released its earnings results on Thursday, August 1st. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($1.36) by $0.79. Skillz had a negative net margin of 47.40% and a negative return on equity of 40.12%. The business had revenue of $25.30 million for the quarter, compared to analysts’ expectations of $26.64 million. During the same period last year, the company earned ($1.62) earnings per share. On average, equities analysts expect that Skillz will post -5.07 EPS for the current year.

Institutional Investors Weigh In On Skillz

Large investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. lifted its holdings in 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 buying an additional 67,966 shares in the last quarter. 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. Finally, Trexquant Investment LP raised its holdings in Skillz by 82.4% in the fourth quarter. Trexquant Investment LP now owns 121,587 shares of the company’s stock valued at $759,000 after acquiring an additional 54,930 shares in 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.