Skillsoft Corp. (NASDAQ:SKIL) Given Consensus Recommendation of “Buy” by Brokerages

Shares of Skillsoft Corp. (NASDAQ:SKILGet Rating) have been given a consensus recommendation of “Buy” by the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $13.50.

Several analysts recently issued reports on the stock. Colliers Securities assumed coverage on shares of Skillsoft in a report on Wednesday, March 16th. They set a “buy” rating and a $13.00 price objective for the company. Piper Sandler reduced their price target on shares of Skillsoft from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, April 7th. Finally, Zacks Investment Research cut shares of Skillsoft from a “hold” rating to a “sell” rating in a research report on Thursday, March 31st.

NASDAQ SKIL opened at $5.43 on Friday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.44. The company has a fifty day simple moving average of $6.10 and a 200 day simple moving average of $8.76. Skillsoft has a 1 year low of $5.02 and a 1 year high of $12.88.

Skillsoft (NASDAQ:SKILGet Rating) last posted its quarterly earnings data on Wednesday, April 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.11) by $0.17. On average, sell-side analysts expect that Skillsoft will post -0.36 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. CI Investments Inc. acquired a new stake in Skillsoft in the 3rd quarter valued at about $11,194,000. Schonfeld Strategic Advisors LLC acquired a new stake in Skillsoft in the 3rd quarter valued at about $349,000. Empyrean Capital Partners LP acquired a new stake in Skillsoft in the 3rd quarter valued at about $3,171,000. Alberta Investment Management Corp increased its position in Skillsoft by 7.4% in the 3rd quarter. Alberta Investment Management Corp now owns 1,313,179 shares of the company’s stock valued at $15,351,000 after acquiring an additional 90,993 shares in the last quarter. Finally, Geode Capital Management LLC acquired a new stake in Skillsoft in the 3rd quarter valued at about $6,559,000. Hedge funds and other institutional investors own 40.93% of the company’s stock.

Skillsoft Company Profile (Get Rating)

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

Read More

Analyst Recommendations for Skillsoft (NASDAQ:SKIL)

Receive News & Ratings for Skillsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Skillsoft and related companies with MarketBeat.com's FREE daily email newsletter.