Skillsoft Corp. (NASDAQ:SKIL) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Skillsoft Corp. (NASDAQ:SKILGet Rating) have earned an average rating of “Moderate Buy” from the seven ratings firms that are covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $6.00.

Several equities analysts have commented on the stock. Oppenheimer reissued an “assumes” rating on shares of Skillsoft in a report on Wednesday, July 27th. Citigroup decreased their price target on shares of Skillsoft from $13.50 to $4.50 in a report on Wednesday, October 12th. B. Riley decreased their price target on shares of Skillsoft from $11.00 to $6.00 and set a “buy” rating on the stock in a report on Tuesday, September 6th. Barclays decreased their price target on shares of Skillsoft from $8.00 to $7.00 and set an “overweight” rating on the stock in a report on Tuesday, August 16th. Finally, Piper Sandler decreased their price target on shares of Skillsoft from $4.00 to $2.50 and set a “neutral” rating on the stock in a report on Friday, September 9th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SKIL. Qube Research & Technologies Ltd acquired a new position in shares of Skillsoft in the 1st quarter worth approximately $190,000. Swiss National Bank lifted its position in shares of Skillsoft by 7.4% during the 1st quarter. Swiss National Bank now owns 157,300 shares of the company’s stock valued at $950,000 after acquiring an additional 10,900 shares during the period. Keebeck Alpha LP acquired a new position in shares of Skillsoft during the 1st quarter valued at $68,000. Polen Capital Management LLC acquired a new position in shares of Skillsoft during the 1st quarter valued at $10,679,000. Finally, Vanguard Group Inc. lifted its position in shares of Skillsoft by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,797,459 shares of the company’s stock valued at $16,896,000 after acquiring an additional 48,727 shares during the period. Institutional investors and hedge funds own 76.02% of the company’s stock.

Skillsoft Price Performance

SKIL stock opened at $1.92 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.52 and a debt-to-equity ratio of 0.53. Skillsoft has a 12 month low of $1.46 and a 12 month high of $12.45. The firm has a market cap of $315.72 million, a P/E ratio of -1.67 and a beta of 0.93. The company’s 50-day moving average price is $1.84 and its two-hundred day moving average price is $3.47.

Skillsoft (NASDAQ:SKILGet Rating) last released its earnings results on Wednesday, September 7th. The company reported $0.09 EPS for the quarter, beating the consensus estimate of ($0.15) by $0.24. Skillsoft had a negative net margin of 27.77% and a negative return on equity of 3.80%. The firm had revenue of $148.38 million for the quarter, compared to analyst estimates of $186.70 million. On average, analysts anticipate that Skillsoft will post -1.53 earnings per share for the current fiscal year.

About Skillsoft

(Get Rating)

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company operates through Content, Global Knowledge, and SumTotal segments. It 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.

Recommended Stories

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.