Skillsoft (NYSE:SKIL) Trading Up 5.3% – What’s Next?

Skillsoft Corp. (NYSE:SKIL) was up 5.3% on Wednesday . The stock traded as high as $4.29 and last traded at $4.0740. Approximately 172,472 shares changed hands during trading, an increase of 42% from the average daily volume of 121,251 shares. The stock had previously closed at $3.87.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on SKIL shares. Wall Street Zen lowered Skillsoft from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Skillsoft in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. One investment 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, the stock has a consensus rating of “Reduce”.

Skillsoft Trading Up 5.3%

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 142.97. The company has a 50-day moving average price of $6.13 and a 200-day moving average price of $9.49. The company has a market capitalization of $35.69 million, a price-to-earnings ratio of -0.26, a P/E/G ratio of 0.12 and a beta of 1.82.

Institutional Trading of Skillsoft

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of Skillsoft during the second quarter worth approximately $39,000. Bank of America Corp DE grew its stake in shares of Skillsoft by 330.0% in the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after acquiring an additional 1,343 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Skillsoft by 330.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock worth $57,000 after acquiring an additional 4,705 shares during the last quarter. NewEdge Advisors LLC increased its position in Skillsoft by 374.2% during the fourth quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock worth $68,000 after acquiring an additional 5,785 shares during the period. Finally, Wells Fargo & Company MN increased its position in Skillsoft by 116.2% during the fourth quarter. Wells Fargo & Company MN now owns 7,393 shares of the company’s stock worth $69,000 after acquiring an additional 3,974 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

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.