Skillsoft (NYSE:SKIL) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Skillsoft (NYSE:SKIL) from a buy rating to a hold rating in a research note published on Saturday.

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

Skillsoft Trading Down 6.9%

Shares of SKIL stock opened at $5.69 on Friday. 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 has a 1 year low of $4.65 and a 1 year high of $34.42. The stock has a market capitalization of $49.85 million, a price-to-earnings ratio of -0.36, a PEG ratio of 0.40 and a beta of 1.73. The company’s fifty day simple moving average is $11.69 and its two-hundred day simple moving average is $13.95.

Skillsoft (NYSE:SKIL) last issued 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 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. As a group, analysts anticipate that Skillsoft will post -11.31 earnings per share for the current year.

Hedge Funds Weigh In On Skillsoft

A number of hedge funds have recently made changes to their positions in SKIL. Bank of America Corp DE boosted its stake in Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after purchasing an additional 1,343 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of Skillsoft by 20.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after acquiring an additional 1,593 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Skillsoft by 6.0% during the third quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock valued at $406,000 after buying an additional 1,772 shares during the period. Vanguard Group Inc. grew its position in Skillsoft by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock valued at $3,356,000 after acquiring an additional 1,841 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in shares of Skillsoft in the second quarter worth about $39,000. 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.