Skillsoft (NASDAQ:SKIL) Price Target Lowered to $20.00 at Barclays

Skillsoft (NASDAQ:SKIL) had its target price trimmed by Barclays from $25.00 to $20.00 in a research note released on Tuesday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Separately, Oppenheimer reissued a market perform rating on shares of Skillsoft in a research report on Tuesday.

Skillsoft Stock Down 40.4 %

Shares of Skillsoft stock opened at $5.48 on Tuesday. The company has a fifty day moving average price of $10.55 and a 200 day moving average price of $14.58. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. Skillsoft has a twelve month low of $5.40 and a twelve month high of $36.48. The stock has a market cap of $44.22 million, a price-to-earnings ratio of -0.28 and a beta of 1.15.

Hedge Funds Weigh In On Skillsoft

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKIL. Morgan Stanley boosted its position in Skillsoft by 447.0% in the 4th quarter. Morgan Stanley now owns 4,648,636 shares of the company’s stock valued at $6,043,000 after buying an additional 3,798,864 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Skillsoft by 2,285.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,350,294 shares of the company’s stock valued at $8,156,000 after purchasing an additional 1,293,690 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Skillsoft by 31.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,616,038 shares of the company’s stock valued at $8,448,000 after purchasing an additional 1,112,068 shares in the last quarter. Nuveen Asset Management LLC raised its stake in shares of Skillsoft by 75.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,280,876 shares of the company’s stock valued at $2,828,000 after purchasing an additional 977,608 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Skillsoft by 244.8% in the 2nd quarter. State Street Corp now owns 998,380 shares of the company’s stock valued at $3,514,000 after purchasing an additional 708,861 shares in the last quarter. 87.00% of the stock is owned by hedge funds and other 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.