Skillsoft (NYSE:SKIL) Cut to “Hold” at Zacks Research

Zacks Research cut shares of Skillsoft (NYSE:SKIL) from a strong-buy rating to a hold rating in a report published on Monday,Zacks.com reports.

Several other analysts have also issued reports on SKIL. Weiss Ratings reissued a “sell (e+)” rating on shares of Skillsoft in a research report on Monday, December 29th. Wall Street Zen cut shares of Skillsoft from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Skillsoft currently has a consensus rating of “Reduce”.

Skillsoft Price Performance

Skillsoft stock opened at $6.45 on Monday. Skillsoft has a 12 month low of $4.65 and a 12 month high of $31.10. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 142.97. The business’s 50 day simple moving average is $8.18 and its 200 day simple moving average is $11.69. The company has a market cap of $56.50 million, a price-to-earnings ratio of -0.41, a PEG ratio of 0.22 and a beta of 1.74.

Skillsoft (NYSE:SKIL) last released its earnings results on Wednesday, December 10th. The company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.26 by $0.39. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%.The business had revenue of $129.00 million during the quarter, compared to the consensus estimate of $131.60 million. Sell-side analysts forecast that Skillsoft will post -11.31 EPS for the current year.

Institutional Investors Weigh In On Skillsoft

Several hedge funds have recently bought and sold shares of SKIL. Geode Capital Management LLC raised its position in shares of Skillsoft by 114.6% during the 2nd quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock valued at $1,641,000 after buying an additional 54,853 shares in the last quarter. AREX Capital Management LP raised its position in Skillsoft by 1.4% during the second quarter. AREX Capital Management LP now owns 404,391 shares of the company’s stock valued at $6,458,000 after purchasing an additional 5,431 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Skillsoft by 42.6% during the second quarter. Corient Private Wealth LLC now owns 17,031 shares of the company’s stock worth $272,000 after purchasing an additional 5,091 shares during the last quarter. Contrarian Capital Management L.L.C. boosted its holdings in shares of Skillsoft by 20.3% in the 3rd quarter. Contrarian Capital Management L.L.C. now owns 41,500 shares of the company’s stock worth $540,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Benefit Street Partners LLC purchased a new position in shares of Skillsoft in the 4th quarter worth about $429,000. 87.00% of the stock is currently owned by institutional investors.

About Skillsoft

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.