Skillsoft (NYSE:SKIL) Trading 1.5% Higher – Time to Buy?

Shares of Skillsoft Corp. (NYSE:SKIL) were up 1.5% during mid-day trading on Wednesday . The company traded as high as $8.10 and last traded at $7.96. Approximately 90,875 shares changed hands during trading, a decline of 45% from the average session volume of 165,050 shares. The stock had previously closed at $7.84.

Analyst Ratings Changes

Separately, Weiss Ratings raised Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Skillsoft Price Performance

The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 142.97. The firm has a market capitalization of $63.73 million, a PE ratio of -0.43, a P/E/G ratio of 0.26 and a beta of 2.27. The firm’s fifty day moving average price is $7.08 and its 200 day moving average price is $6.61.

Skillsoft (NYSE:SKIL) last released its quarterly earnings data on Tuesday, June 9th. The company reported $1.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $1.11. The business had revenue of $94.50 million during the quarter, compared to analyst estimates of $121.10 million. Skillsoft had a negative return on equity of 221.25% and a negative net margin of 30.00%. As a group, equities analysts forecast that Skillsoft Corp. will post 3 earnings per share for the current year.

Insider Buying and Selling at Skillsoft

In related news, Director Jim Frankola purchased 27,000 shares of Skillsoft stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $6.05 per share, for a total transaction of $163,350.00. Following the transaction, the director directly owned 95,306 shares in the company, valued at approximately $576,601.30. This trade represents a 39.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 16.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Skillsoft

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKIL. Goldman Sachs Group Inc. raised its holdings in Skillsoft by 133.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 304,966 shares of the company’s stock valued at $2,836,000 after acquiring an additional 174,429 shares during the last quarter. Geode Capital Management LLC raised its position in Skillsoft by 114.6% in the second quarter. Geode Capital Management LLC now owns 102,715 shares of the company’s stock valued at $1,641,000 after purchasing an additional 54,853 shares during the period. Benefit Street Partners LLC acquired a new position in Skillsoft in the 4th quarter valued at about $429,000. Cruiser Capital Advisors LLC increased its stake in Skillsoft by 177.7% during the fourth quarter. Cruiser Capital Advisors LLC now owns 57,794 shares of the company’s stock worth $537,000 after purchasing an additional 36,981 shares during the period. Finally, Acadian Asset Management LLC increased its stake in Skillsoft by 286.0% during the first quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock worth $774,000 after purchasing an additional 29,914 shares during the period. Institutional investors and hedge funds own 87.00% of the company’s stock.

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.