Skillsoft (NYSE:SKIL) Upgraded by Zacks Research to “Strong-Buy” Rating

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

A number of other analysts have also issued reports on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a research note on Monday. Wall Street Zen downgraded shares of Skillsoft from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One analyst has rated the stock with a Strong Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Skillsoft currently has an average rating of “Moderate Buy”.

Skillsoft Trading Down 1.8%

NYSE:SKIL opened at $7.13 on Wednesday. The stock has a market cap of $62.45 million, a price-to-earnings ratio of -0.45, a price-to-earnings-growth ratio of 0.28 and a beta of 1.73. Skillsoft has a one year low of $4.65 and a one year high of $34.42. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.84 and a current ratio of 0.84. The business’s 50-day simple moving average is $10.38 and its 200 day simple moving average is $13.29.

Skillsoft (NYSE:SKIL) last issued its quarterly earnings data on Wednesday, December 10th. The company reported $1.65 earnings per share for the quarter, beating 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 firm had revenue of $129.00 million during the quarter, compared to analyst estimates of $131.60 million. As a group, sell-side analysts predict that Skillsoft will post -11.31 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SKIL. AREX Capital Management LP raised its stake in Skillsoft by 1.4% during the second quarter. AREX Capital Management LP now owns 404,391 shares of the company’s stock worth $6,458,000 after acquiring an additional 5,431 shares during the period. Vanguard Group Inc. grew its holdings in shares of Skillsoft by 0.7% during the third quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock valued at $3,356,000 after purchasing an additional 1,841 shares during the last quarter. Goldman Sachs Group Inc. raised 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 purchasing an additional 82,860 shares during the period. 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 worth $1,641,000 after purchasing an additional 54,853 shares during the period. Finally, UBS Group AG lifted its holdings in shares of Skillsoft by 17.4% in the 3rd quarter. UBS Group AG now owns 85,449 shares of the company’s stock worth $1,113,000 after purchasing an additional 12,692 shares during the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

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.