Skillsoft (NASDAQ:SKIL) Given “Market Perform” Rating at Oppenheimer

Oppenheimer restated their market perform rating on shares of Skillsoft (NASDAQ:SKIL) in a research report report published on Tuesday, Benzinga reports.

Skillsoft Price Performance

Shares of SKIL stock opened at $5.48 on Tuesday. Skillsoft has a 1 year low of $5.40 and a 1 year high of $36.48. The firm’s 50 day moving average is $10.55 and its 200-day moving average is $14.58. The firm has a market capitalization of $44.22 million, a price-to-earnings ratio of -0.28 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32.

Hedge Funds Weigh In On Skillsoft

A number of large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its position in shares of Skillsoft by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock worth $330,000 after purchasing an additional 2,168 shares in the last quarter. Invesco Ltd. lifted its position in shares of Skillsoft by 0.7% during the third quarter. Invesco Ltd. now owns 315,533 shares of the company’s stock worth $280,000 after purchasing an additional 2,304 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Skillsoft by 2.7% during the third quarter. Rhumbline Advisers now owns 120,009 shares of the company’s stock worth $106,000 after purchasing an additional 3,136 shares in the last quarter. State Street Corp lifted its position in shares of Skillsoft by 1.6% during the first quarter. State Street Corp now owns 289,519 shares of the company’s stock worth $1,749,000 after purchasing an additional 4,561 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Skillsoft by 979.4% in the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock valued at $33,000 after buying an additional 4,897 shares during the period. 87.00% of the stock is currently owned by institutional investors and hedge funds.

About Skillsoft

Skillsoft Corp. provides skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.