Skillsoft (NYSE:SKIL) Trading Up 2% – Time to Buy?

Skillsoft Corp. (NYSE:SKIL) rose 2% on Wednesday . The company traded as high as $4.41 and last traded at $4.18. Approximately 74,003 shares were traded during trading, a decline of 59% from the average daily volume of 179,531 shares. The stock had previously closed at $4.10.

Analyst Ratings Changes

Several equities analysts have recently commented on SKIL shares. Zacks Research cut Skillsoft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Skillsoft in a report on Monday, December 29th. Finally, 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 Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Skillsoft presently has an average rating of “Reduce”.

Skillsoft Price Performance

The company has a debt-to-equity ratio of 142.97, a current ratio of 0.84 and a quick ratio of 0.84. The company has a fifty day moving average price of $7.48 and a 200 day moving average price of $10.68. The company has a market capitalization of $36.62 million, a P/E ratio of -0.26, a price-to-earnings-growth ratio of 0.12 and a beta of 1.82.

Skillsoft (NYSE:SKIL) last released its quarterly earnings data on Wednesday, December 10th. The company reported $1.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.39. The business had revenue of $129.00 million during 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, sell-side analysts forecast that Skillsoft Corp. will post -11.31 EPS for the current fiscal year.

Institutional Trading of Skillsoft

A number of large investors have recently modified their holdings of SKIL. Bank of America Corp DE boosted its stake in Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after purchasing an additional 1,343 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Skillsoft in the second quarter valued at approximately $39,000. New York State Common Retirement Fund bought a new stake in shares of Skillsoft during the second quarter valued at approximately $96,000. Public Employees Retirement System of Ohio boosted its position in shares of Skillsoft by 330.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock worth $57,000 after buying an additional 4,705 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in Skillsoft by 374.2% in the 4th quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock worth $68,000 after buying an additional 5,785 shares in the last quarter. Institutional investors and hedge funds own 87.00% of the company’s stock.

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.