Skillsoft (NYSE:SKIL) Issues Quarterly Earnings Results

Skillsoft (NYSE:SKIL) posted its earnings results on Monday. The company reported ($0.23) EPS for the quarter, topping the consensus estimate of ($2.06) by $1.83, Zacks reports. Skillsoft had a negative net margin of 62.85% and a negative return on equity of 53.74%.

Skillsoft Stock Performance

Shares of SKIL stock traded up $0.68 during trading hours on Monday, hitting $18.58. 77,194 shares of the company were exchanged, compared to its average volume of 49,888. The stock has a market capitalization of $157.61 million, a price-to-earnings ratio of -0.45 and a beta of 1.58. The firm has a fifty day simple moving average of $19.82 and a 200 day simple moving average of $22.19. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77. Skillsoft has a 52-week low of $8.05 and a 52-week high of $34.43.

Hedge Funds Weigh In On Skillsoft

Several large investors have recently modified their holdings of SKIL. Goldman Sachs Group Inc. lifted its position in shares of Skillsoft by 122.9% during the first quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock worth $2,891,000 after acquiring an additional 82,860 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of 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 in the last quarter. Jane Street Group LLC bought a new stake in Skillsoft during the first quarter valued at approximately $296,000. Cubist Systematic Strategies LLC grew its position in Skillsoft by 20.5% in the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after acquiring an additional 1,593 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after purchasing an additional 1,343 shares in the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Skillsoft from a “hold” rating to a “buy” rating in a research note on Friday, May 30th.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.