Skillsoft (NYSE:SKIL) Stock Price Up 3.4% – Time to Buy?

Skillsoft Corp. (NYSE:SKIL)’s share price rose 3.4% on Wednesday . The company traded as high as $7.30 and last traded at $7.2090. Approximately 64,791 shares changed hands during mid-day trading, a decline of 44% from the average daily volume of 116,461 shares. The stock had previously closed at $6.97.

Wall Street Analysts Forecast Growth

SKIL has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Skillsoft in a research note on Friday, March 27th. Zacks Research lowered shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 9th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce”.

Skillsoft Price Performance

The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 142.97. The business’s 50-day moving average is $5.65 and its two-hundred day moving average is $7.23. The company has a market capitalization of $64.06 million, a P/E ratio of -0.44, a price-to-earnings-growth ratio of 0.21 and a beta of 2.27.

Skillsoft (NYSE:SKIL) last released its quarterly earnings results on Tuesday, April 7th. The company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.01). Skillsoft had a negative net margin of 27.27% and a positive return on equity of 112.12%. The firm had revenue of $130.65 million for the quarter, compared to the consensus estimate of $130.15 million. During the same period in the previous year, the business earned ($3.75) earnings per share. As a group, analysts predict that Skillsoft Corp. will post 3.38 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in SKIL. Bank of America Corp DE increased its holdings in Skillsoft by 330.0% during the fourth 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Skillsoft during the second quarter worth about $39,000. New York State Common Retirement Fund purchased a new stake in Skillsoft during the second quarter worth about $96,000. Public Employees Retirement System of Ohio increased its holdings in Skillsoft by 330.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock worth $57,000 after buying an additional 4,705 shares during the last quarter. Finally, NewEdge Advisors LLC increased its holdings 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 buying an additional 5,785 shares during the last quarter. 87.00% of the stock is owned by institutional investors.

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.