Skillsoft (NYSE:SKIL) Raised to “Strong-Buy” at Zacks Research

Skillsoft (NYSE:SKIL) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Wednesday,Zacks.com reports.

Several other equities research analysts have also issued reports on SKIL. Weiss Ratings reissued a “sell (e+)” rating on shares of Skillsoft in a research note on Monday. Wall Street Zen cut Skillsoft from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One equities research analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Skillsoft Price Performance

Shares of NYSE SKIL opened at $7.13 on Wednesday. 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 stock has a market capitalization of $62.45 million, a price-to-earnings ratio of -0.45, a PEG ratio of 0.28 and a beta of 1.73. The firm’s 50 day simple moving average is $10.38 and its 200-day simple moving average is $13.29. Skillsoft has a 12 month low of $4.65 and a 12 month high of $34.42.

Skillsoft (NYSE:SKIL) last posted its earnings results on Wednesday, December 10th. The company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.39. The firm had revenue of $129.00 million during the quarter, compared to analysts’ expectations of $131.60 million. Skillsoft had a negative net margin of 26.02% and a positive return on equity of 40.31%. Analysts expect that Skillsoft will post -11.31 EPS for the current year.

Hedge Funds Weigh In On Skillsoft

Hedge funds and other institutional investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of Skillsoft in the second quarter worth approximately $39,000. Bank of America Corp DE lifted 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 valued at $42,000 after purchasing an additional 1,343 shares in the last quarter. New York State Common Retirement Fund acquired a new stake in Skillsoft during the 2nd quarter worth $96,000. Cubist Systematic Strategies LLC grew 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 buying an additional 1,593 shares in the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Skillsoft by 42.6% during the second quarter. Corient Private Wealth LLC now owns 17,031 shares of the company’s stock worth $272,000 after buying an additional 5,091 shares in the last quarter. Hedge funds and other institutional investors 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.