Skillsoft (NASDAQ:SKIL) Earns “Market Perform” Rating from Oppenheimer

Oppenheimer reissued their market perform rating on shares of Skillsoft (NASDAQ:SKIL) in a research note issued to investors on Tuesday morning, Benzinga reports.

Skillsoft Price Performance

SKIL stock opened at $5.48 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.32. Skillsoft has a 12 month low of $5.40 and a 12 month high of $36.48. The firm has a market cap of $44.22 million, a P/E ratio of -0.28 and a beta of 1.15. The company’s 50-day moving average price is $10.55 and its two-hundred day moving average price is $14.58.

Hedge Funds Weigh In On Skillsoft

Hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD bought a new position in Skillsoft in the 3rd quarter valued at about $25,000. Squarepoint Ops LLC bought a new stake in shares of Skillsoft during the 4th quarter valued at approximately $25,000. Qube Research & Technologies Ltd grew its holdings in shares of Skillsoft by 32.7% during the 3rd quarter. Qube Research & Technologies Ltd now owns 29,806 shares of the company’s stock valued at $26,000 after purchasing an additional 7,353 shares during the last quarter. Citigroup Inc. bought a new stake in shares of Skillsoft during the 2nd quarter valued at approximately $30,000. Finally, Royal Bank of Canada grew its holdings in shares of Skillsoft by 979.4% during the 1st quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock valued at $33,000 after purchasing an additional 4,897 shares during the last quarter. 87.00% of the stock is owned by institutional investors.

About Skillsoft

Skillsoft Corp. provides skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.