Oppenheimer Reaffirms Market Perform Rating for Skillsoft (NASDAQ:SKIL)

Oppenheimer reiterated their market perform rating on shares of Skillsoft (NASDAQ:SKIL) in a research report released on Tuesday, Benzinga reports.

Skillsoft Stock Performance

NASDAQ SKIL opened at $5.47 on Tuesday. The company has a fifty day simple moving average of $10.28 and a 200 day simple moving average of $14.45. Skillsoft has a 12-month low of $5.11 and a 12-month high of $36.48. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 2.81. The company has a market cap of $44.25 million, a P/E ratio of -0.13 and a beta of 1.14.

Institutional Trading of Skillsoft

Hedge funds have recently bought and sold shares of the business. Alberta Investment Management Corp grew its position in Skillsoft by 6.8% in the 3rd quarter. Alberta Investment Management Corp now owns 1,872,483 shares of the company’s stock valued at $1,660,000 after purchasing an additional 118,588 shares during the period. Paradice Investment Management LLC grew its position in Skillsoft by 4.8% in the 3rd quarter. Paradice Investment Management LLC now owns 12,400,694 shares of the company’s stock valued at $10,992,000 after purchasing an additional 563,067 shares during the period. SG Americas Securities LLC purchased a new position in Skillsoft during the 3rd quarter worth $33,000. Bank of New York Mellon Corp boosted its holdings in Skillsoft by 0.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock worth $330,000 after acquiring an additional 2,168 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Skillsoft by 407.3% during the 2nd quarter. Northern Trust Corp now owns 704,656 shares of the company’s stock worth $2,480,000 after acquiring an additional 565,762 shares during the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

About Skillsoft

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.