Skillsoft (NYSE:SKIL) Stock Rating Lowered by Zacks Research

Skillsoft (NYSE:SKIL) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other research analysts also recently commented on the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Skillsoft in a research note on Monday, December 29th. Wall Street Zen cut shares of Skillsoft from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Skillsoft Trading Down 3.1%

Shares of SKIL stock opened at $7.25 on Monday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 142.97. The stock has a market cap of $63.47 million, a P/E ratio of -0.46, a price-to-earnings-growth ratio of 0.23 and a beta of 1.74. The stock has a 50 day simple moving average of $8.21 and a 200 day simple moving average of $11.73. Skillsoft has a 1 year low of $4.65 and a 1 year high of $31.10.

Skillsoft (NYSE:SKIL) last posted its quarterly earnings data on Wednesday, December 10th. The company reported $1.65 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.39. The firm had revenue of $129.00 million for the quarter, compared to analyst estimates of $131.60 million. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%. On average, research analysts predict that Skillsoft will post -11.31 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Skillsoft

Institutional investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Skillsoft in the 2nd quarter valued at approximately $39,000. Bank of America Corp DE increased its holdings in shares of Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after buying an additional 1,343 shares in the last quarter. New York State Common Retirement Fund bought a new position in shares of Skillsoft in the 2nd quarter valued at $96,000. Cubist Systematic Strategies LLC boosted its holdings in shares of Skillsoft by 20.5% during the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after acquiring an additional 1,593 shares in the last quarter. Finally, Corient Private Wealth LLC grew its position in Skillsoft by 42.6% during the 2nd quarter. Corient Private Wealth LLC now owns 17,031 shares of the company’s stock worth $272,000 after acquiring an additional 5,091 shares during the last quarter. 87.00% of the stock is currently 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.