Skillsoft (NYSE:SKIL) Trading Up 2% – Time to Buy?

Skillsoft Corp. (NYSE:SKIL) traded up 2% during trading on Wednesday . The company traded as high as $4.41 and last traded at $4.18. 74,003 shares changed hands during trading, a decline of 59% from the average session volume of 179,531 shares. The stock had previously closed at $4.10.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on SKIL shares. Weiss Ratings restated a “sell (e+)” rating on shares of Skillsoft in a report on Monday, December 29th. Zacks Research lowered shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a report on Monday, February 9th. Finally, Wall Street Zen downgraded Skillsoft from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. One research 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 company currently has a consensus rating of “Reduce”.

Skillsoft Price Performance

The company’s fifty day moving average is $7.48 and its two-hundred day moving average is $10.68. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.84 and a current ratio of 0.84. The firm has a market cap of $36.62 million, a price-to-earnings ratio of -0.26, a price-to-earnings-growth ratio of 0.12 and a beta of 1.82.

Skillsoft (NYSE:SKIL) last announced its quarterly 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. Skillsoft had a positive return on equity of 40.31% and a negative net margin of 26.02%.The firm had revenue of $129.00 million during the quarter, compared to the consensus estimate of $131.60 million. Equities research analysts forecast that Skillsoft Corp. will post -11.31 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SKIL. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Skillsoft during the 2nd quarter valued at $39,000. Bank of America Corp DE boosted its position 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 buying an additional 1,343 shares during the last quarter. Public Employees Retirement System of Ohio grew its stake in shares of Skillsoft by 330.2% during the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock valued at $57,000 after acquiring an additional 4,705 shares in the last quarter. NewEdge Advisors LLC increased its position in shares of 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 acquiring an additional 5,785 shares during the last quarter. Finally, Wells Fargo & Company MN lifted its stake in shares of Skillsoft by 116.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,393 shares of the company’s stock worth $69,000 after acquiring an additional 3,974 shares in the last quarter. 87.00% of the stock is owned by institutional investors and hedge funds.

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.