Skillsoft (NASDAQ:SKIL) Lowered to Sell at Zacks Investment Research

Skillsoft (NASDAQ:SKILGet Rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Skillsoft Corp. delivers digital learning, training and talent solutions. The company democratizes learning through an intelligent learning experience and a customized, learner-centric approach to skills development with resources for Leadership Development, Business Skills, Technology and Developer, Digital Transformation and Compliance. Skillsoft Corp., formerly known as Churchill Capital Corp II, is based in NEW YORK. “

Several other equities research analysts also recently weighed in on SKIL. Colliers Securities started coverage on Skillsoft in a report on Wednesday, March 16th. They issued a “buy” rating and a $13.00 price target for the company. Piper Sandler lowered their price target on Skillsoft from $10.00 to $7.00 and set a “neutral” rating for the company in a report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Skillsoft currently has a consensus rating of “Buy” and an average price target of $13.50.

Shares of SKIL opened at $5.53 on Tuesday. Skillsoft has a 1 year low of $5.02 and a 1 year high of $12.88. The business’s 50 day simple moving average is $6.01 and its 200-day simple moving average is $8.41. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.44.

Skillsoft (NASDAQ:SKILGet Rating) last released its earnings results on Wednesday, April 6th. The company reported ($0.11) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.11). The business had revenue of $176.49 million during the quarter, compared to analysts’ expectations of $175.26 million. Research analysts predict that Skillsoft will post -0.36 EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Daiwa Securities Group Inc. purchased a new position in shares of Skillsoft in the fourth quarter worth about $35,000. Geode Capital Management LLC raised its stake in shares of Skillsoft by 1.0% in the fourth quarter. Geode Capital Management LLC now owns 566,477 shares of the company’s stock worth $5,183,000 after purchasing an additional 5,351 shares during the last quarter. Teton Advisors Inc. purchased a new position in shares of Skillsoft in the third quarter worth about $129,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Skillsoft in the fourth quarter worth about $102,000. Finally, Citigroup Inc. raised its position in Skillsoft by 82.5% during the fourth quarter. Citigroup Inc. now owns 28,670 shares of the company’s stock valued at $262,000 after acquiring an additional 12,958 shares in the last quarter. Hedge funds and other institutional investors own 80.16% of the company’s stock.

About Skillsoft (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.

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