Skillz is Still a Solid Stock Despite Insider Selling and the Short-Seller Report - Here's Why

Just over a month ago, we covered Skillz (NYSE:SKLZ) right after it announced the NFL partnership and had placed a neutral rating because of its quick run following the announcement. Since then, growth stocks have seen a high level of volatility. Skillz in particular, saw its value drop 50% from peak to trough heading into earnings. The main reason for the drop in growth stocks can be attributed to the rise in bond yields. ​

The company also got hit with a short-seller report from Wolfpack Research. If you are just checking out this company for the first time, we suggest you check out our previous article for a more introductory overview of the company. In this article, we will be discussing the company's most recent developments, briefly look at the short-seller report, and update the valuation from the previous article.  ​

What we like about Skillz 

Skillz’s platform is very engaging with 13% of their users participating in prize competitions versus 2% for the average mobile game that relies on in-app purchases. This high level of engagement relative to the average, combined with its increasing user base, has led to strong growth for 2020. Revenue grew 92% for the year and 95% for the quarter year-over-year...read more 

​*This is a premium seeking alpha article, so we can’t fully post it here.*        

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