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

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

SKIL has been the topic of several other research reports. Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a research note on Monday. Wall Street Zen lowered shares of Skillsoft from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Skillsoft Trading Down 1.8%

SKIL stock opened at $7.13 on Wednesday. Skillsoft has a 1-year low of $4.65 and a 1-year high of $34.42. 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 business’s 50 day moving average is $10.38 and its 200-day moving average is $13.29. The firm has a market cap of $62.45 million, a P/E ratio of -0.45, a P/E/G ratio of 0.28 and a beta of 1.73.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SKIL. Bank of America Corp DE raised its stake in shares of Skillsoft by 330.0% in the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after acquiring an additional 1,343 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Skillsoft by 20.5% in the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock valued at $180,000 after purchasing an additional 1,593 shares in the last quarter. JPMorgan Chase & Co. raised its position in Skillsoft by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock worth $406,000 after purchasing an additional 1,772 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Skillsoft by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock worth $3,356,000 after buying an additional 1,841 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Skillsoft in the 2nd quarter valued at $39,000. 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.