Skillsoft (NYSE:SKIL) Downgraded by Zacks Research to “Hold”

Zacks Research lowered shares of Skillsoft (NYSE:SKIL) from a strong-buy rating to a hold rating in a report issued on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently commented on SKIL. Weiss Ratings reiterated a “sell (d-)” rating on shares of Skillsoft in a research note on Tuesday. Wall Street Zen upgraded shares of Skillsoft from a “hold” rating to a “buy” rating in a report on Friday, September 26th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Reduce”.

Skillsoft Stock Performance

Shares of SKIL opened at $10.46 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.45. The firm has a market cap of $91.06 million, a PE ratio of -0.75, a P/E/G ratio of 0.84 and a beta of 1.61. Skillsoft has a 12 month low of $9.15 and a 12 month high of $34.42. The stock has a fifty day moving average price of $13.24 and a 200-day moving average price of $15.21.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of SKIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Skillsoft during the second quarter worth about $39,000. Bank of America Corp DE increased its holdings 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 buying an additional 1,343 shares during the period. New York State Common Retirement Fund purchased a new position in Skillsoft during the 2nd quarter worth approximately $96,000. Cubist Systematic Strategies LLC lifted its stake in 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 during the period. Finally, Corient Private Wealth LLC lifted its stake in Skillsoft by 42.6% during the 2nd quarter. Corient Private Wealth LLC now owns 17,031 shares of the company’s stock valued at $272,000 after acquiring an additional 5,091 shares during the period. 87.00% of the stock is owned by institutional investors and hedge funds.

Skillsoft Company Profile

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.