Skillsoft (NYSE:SKIL) Trading Down 4.2% – Time to Sell?

Skillsoft Corp. (NYSE:SKIL) shares traded down 4.2% during trading on Monday . The stock traded as low as $10.00 and last traded at $10.1250. 77,860 shares were traded during trading, a decline of 30% from the average session volume of 110,762 shares. The stock had previously closed at $10.57.

Analyst Upgrades and Downgrades

SKIL has been the subject of a number of recent analyst reports. Wall Street Zen raised Skillsoft from a “hold” rating to a “buy” rating in a research report on Friday, September 26th. Zacks Research upgraded Skillsoft from a “hold” rating to a “strong-buy” rating in a research note on Friday, September 12th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Skillsoft in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Skillsoft Stock Performance

The stock has a market capitalization of $88.19 million, a price-to-earnings ratio of -0.73, a P/E/G ratio of 0.69 and a beta of 1.61. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.45. The firm has a 50-day moving average of $13.62 and a 200-day moving average of $15.62.

Institutional Investors Weigh In On Skillsoft

A number of institutional investors and hedge funds have recently modified their holdings of SKIL. Bank of America Corp DE boosted its position in Skillsoft by 330.0% in the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after buying an additional 1,343 shares during the last quarter. Informed Momentum Co LLC acquired a new stake in Skillsoft during the 1st quarter valued at approximately $606,000. OMERS ADMINISTRATION Corp purchased a new stake in shares of Skillsoft in the 1st quarter valued at $308,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Skillsoft by 20.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after acquiring an additional 1,593 shares during the last quarter. Finally, AREX Capital Management LP increased its stake in shares of Skillsoft by 16.8% in the first quarter. AREX Capital Management LP now owns 398,960 shares of the company’s stock worth $7,676,000 after acquiring an additional 57,239 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

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.