Skillsoft (NASDAQ:SKIL – Free Report) had its price objective cut by Citigroup from $66.00 to $50.00 in a research note published on Tuesday morning, Benzinga reports. They currently have a buy rating on the stock.
A number of other research firms also recently issued reports on SKIL. Oppenheimer restated a market perform rating on shares of Skillsoft in a report on Tuesday, April 16th. Barclays lowered their target price on shares of Skillsoft from $25.00 to $20.00 and set an overweight rating for the company in a report on Tuesday, April 16th.
View Our Latest Stock Report on Skillsoft
Skillsoft Stock Performance
Institutional Investors Weigh In On Skillsoft
Institutional investors have recently bought and sold shares of the business. Alberta Investment Management Corp grew its stake in Skillsoft by 6.8% during the third quarter. Alberta Investment Management Corp now owns 1,872,483 shares of the company’s stock worth $1,660,000 after buying an additional 118,588 shares during the period. Paradice Investment Management LLC grew its stake in Skillsoft by 4.8% during the third quarter. Paradice Investment Management LLC now owns 12,400,694 shares of the company’s stock worth $10,992,000 after buying an additional 563,067 shares during the period. SG Americas Securities LLC purchased a new stake in Skillsoft during the third quarter worth approximately $33,000. Bank of New York Mellon Corp grew its stake in Skillsoft by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock worth $330,000 after buying an additional 2,168 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Skillsoft during the first quarter worth approximately $192,000. 87.00% of the stock is currently owned by hedge funds and other institutional investors.
Skillsoft Company Profile
Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.
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