Wall Street Zen Downgrades Skillsoft (NYSE:SKIL) to Hold

Skillsoft (NYSE:SKIL) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Several other analysts have also recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Skillsoft in a research report on Monday, December 1st. Zacks Research lowered Skillsoft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 25th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Skillsoft Price Performance

SKIL opened at $6.09 on Friday. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.85 and a current ratio of 0.84. Skillsoft has a 52-week low of $4.65 and a 52-week high of $34.42. The stock has a market capitalization of $53.30 million, a PE ratio of -0.38, a price-to-earnings-growth ratio of 0.39 and a beta of 1.73. The stock’s 50 day moving average price is $11.88 and its 200-day moving average price is $14.14.

Skillsoft (NYSE:SKIL) last posted its earnings results on Wednesday, December 10th. The company reported $1.65 EPS for the quarter, topping the consensus estimate of $1.26 by $0.39. Skillsoft had a negative net margin of 26.02% and a positive return on equity of 40.31%. The firm had revenue of $129.00 million during the quarter, compared to analysts’ expectations of $131.60 million. On average, equities research analysts predict that Skillsoft will post -11.31 EPS for the current year.

Institutional Investors Weigh In On Skillsoft

Institutional investors have recently modified their holdings of the stock. Goldman Sachs Group Inc. increased its stake in Skillsoft by 122.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock valued at $2,891,000 after purchasing an additional 82,860 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of Skillsoft in the first quarter worth approximately $1,411,000. AREX Capital Management LP grew its holdings in shares of Skillsoft by 16.8% during the first quarter. AREX Capital Management LP now owns 398,960 shares of the company’s stock valued at $7,676,000 after buying an additional 57,239 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new stake in shares of Skillsoft during the first quarter valued at approximately $308,000. Finally, Jane Street Group LLC bought a new stake in shares of Skillsoft during the first quarter valued at approximately $296,000. 87.00% of the stock is 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.