Skillsoft (NASDAQ:SKIL) PT Lowered to $20.00

Skillsoft (NASDAQ:SKIL) had its price target cut by Barclays from $25.00 to $20.00 in a research note published on Tuesday, Benzinga reports. They currently have an overweight rating on the stock.

Separately, Oppenheimer restated a market perform rating on shares of Skillsoft in a report on Tuesday.

Skillsoft Price Performance

Skillsoft stock opened at $5.34 on Tuesday. The stock has a market cap of $43.20 million, a price-to-earnings ratio of -0.12 and a beta of 1.14. The company has a debt-to-equity ratio of 2.81, a current ratio of 0.93 and a quick ratio of 0.94. Skillsoft has a 1 year low of $5.11 and a 1 year high of $36.48. The firm has a 50-day moving average of $10.13 and a two-hundred day moving average of $14.37.

Institutional Investors Weigh In On Skillsoft

Several large investors have recently modified their holdings of SKIL. Swiss National Bank raised its stake in shares of Skillsoft by 7.4% during the 1st quarter. Swiss National Bank now owns 157,300 shares of the company’s stock worth $950,000 after acquiring an additional 10,900 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Skillsoft by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,797,459 shares of the company’s stock worth $16,896,000 after acquiring an additional 48,727 shares in the last quarter. Invesco Ltd. bought a new position in shares of Skillsoft during the 1st quarter worth approximately $278,000. Prelude Capital Management LLC raised its stake in shares of Skillsoft by 59.0% during the 1st quarter. Prelude Capital Management LLC now owns 36,183 shares of the company’s stock worth $219,000 after acquiring an additional 13,433 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Skillsoft by 1.6% during the 1st quarter. State Street Corp now owns 289,519 shares of the company’s stock worth $1,749,000 after acquiring an additional 4,561 shares in the last quarter. Institutional investors 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.