Skillsoft (NYSE:SKIL) Trading 2.6% Higher – Time to Buy?

Skillsoft Corp. (NYSE:SKIL) traded up 2.6% on Wednesday . The company traded as high as $9.11 and last traded at $8.7250. 234,162 shares were traded during trading, a decline of 1% from the average session volume of 236,495 shares. The stock had previously closed at $8.50.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SKIL shares. Zacks Research upgraded Skillsoft from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, December 24th. Wall Street Zen cut Skillsoft from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Skillsoft in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat, Skillsoft presently has an average rating of “Moderate Buy”.

Skillsoft Stock Performance

The company’s 50-day moving average price is $8.62 and its two-hundred day moving average price is $12.37. The company has a market capitalization of $76.42 million, a price-to-earnings ratio of -0.55, a PEG ratio of 0.32 and a beta of 1.73. The company has a debt-to-equity ratio of 142.97, a current ratio of 0.84 and a quick ratio of 0.84.

Skillsoft (NYSE:SKIL) last released its earnings results on Wednesday, December 10th. The company reported $1.65 earnings per share (EPS) for the quarter, beating 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 business had revenue of $129.00 million for the quarter, compared to analyst estimates of $131.60 million. On average, equities research analysts anticipate that Skillsoft Corp. will post -11.31 EPS for the current fiscal year.

Hedge Funds Weigh In On Skillsoft

Institutional investors have recently added to or reduced their stakes in the business. Goldman Sachs Group Inc. grew its position in shares of Skillsoft by 122.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock worth $2,891,000 after buying an additional 82,860 shares during the period. Geode Capital Management LLC boosted its stake in Skillsoft by 114.6% during the second quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock worth $1,641,000 after acquiring an additional 54,853 shares in the last quarter. Acadian Asset Management LLC grew its holdings in Skillsoft by 286.0% in the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock worth $774,000 after purchasing an additional 29,914 shares during the period. Jane Street Group LLC acquired a new stake in Skillsoft in the first quarter worth $296,000. Finally, UBS Group AG increased its stake in Skillsoft by 17.4% in the third quarter. UBS Group AG now owns 85,449 shares of the company’s stock valued at $1,113,000 after purchasing an additional 12,692 shares in the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

Skillsoft Company Profile

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.