Skillsoft (NYSE:SKIL) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Skillsoft (NYSE:SKIL) posted its quarterly earnings results on Tuesday. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.27 by ($0.01), FiscalAI reports. The firm had revenue of $130.65 million for the quarter, compared to analyst estimates of $130.15 million. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%.

Skillsoft Price Performance

Skillsoft stock traded down $0.06 during mid-day trading on Tuesday, reaching $4.37. The company had a trading volume of 630,156 shares, compared to its average volume of 172,477. Skillsoft has a fifty-two week low of $3.43 and a fifty-two week high of $24.01. 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 company has a market cap of $38.24 million, a P/E ratio of -0.28, a P/E/G ratio of 0.13 and a beta of 1.74. The business has a fifty day simple moving average of $5.33 and a 200 day simple moving average of $8.92.

Institutional Trading of Skillsoft

Hedge funds have recently added to or reduced their stakes in the stock. Cruiser Capital Advisors LLC boosted its position in Skillsoft by 177.7% in the fourth quarter. Cruiser Capital Advisors LLC now owns 57,794 shares of the company’s stock valued at $537,000 after buying an additional 36,981 shares in the last quarter. State Street Corp boosted its position in Skillsoft by 4.2% in the fourth quarter. State Street Corp now owns 56,560 shares of the company’s stock valued at $526,000 after buying an additional 2,289 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Skillsoft by 6.0% in the third quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock valued at $406,000 after buying an additional 1,772 shares in the last quarter. Corient Private Wealth LLC boosted its position in Skillsoft by 42.6% in the second quarter. Corient Private Wealth LLC now owns 17,031 shares of the company’s stock valued at $272,000 after buying an additional 5,091 shares in the last quarter. Finally, Cubist Systematic Strategies LLC lifted its holdings in shares of Skillsoft by 20.5% during the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after purchasing an additional 1,593 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently issued reports on SKIL shares. Zacks Research lowered shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Skillsoft in a research report on Friday, March 27th. Finally, Wall Street Zen lowered 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 given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce”.

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.