B. Riley Weighs in on Skillsoft Corp.'s FY2024 Earnings (NASDAQ:SKIL)

Skillsoft Corp. (NASDAQ:SKIL - Free Report) - Investment analysts at B. Riley increased their FY2024 earnings per share estimates for Skillsoft in a research note issued on Wednesday, April 10th. B. Riley analyst R. Sharma now anticipates that the company will post earnings per share of ($16.30) for the year, up from their previous estimate of ($17.10). The consensus estimate for Skillsoft's current full-year earnings is ($16.30) per share. B. Riley also issued estimates for Skillsoft's Q4 2024 earnings at ($3.13) EPS and FY2025 earnings at ($8.50) EPS.

Separately, Oppenheimer reissued a "market perform" rating on shares of Skillsoft in a report on Thursday, February 22nd.

Skillsoft Trading Up 5.9 %

SKIL traded up $0.51 during mid-day trading on Monday, hitting $9.20. 142,332 shares of the stock were exchanged, compared to its average volume of 34,897. The firm's fifty day moving average is $10.69 and its two-hundred day moving average is $14.66. Skillsoft has a 1-year low of $7.37 and a 1-year high of $36.48. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. The company has a market cap of $74.24 million, a PE ratio of -0.47 and a beta of 1.15.

Hedge Funds Weigh In On Skillsoft

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SKIL. Alberta Investment Management Corp lifted its position in Skillsoft by 6.8% in the third quarter. Alberta Investment Management Corp now owns 1,872,483 shares of the company's stock worth $1,660,000 after purchasing an additional 118,588 shares during the period. Paradice Investment Management LLC lifted its position in Skillsoft by 4.8% in the third quarter. Paradice Investment Management LLC now owns 12,400,694 shares of the company's stock worth $10,992,000 after purchasing an additional 563,067 shares during the period. SG Americas Securities LLC acquired a new stake in Skillsoft in the third quarter worth approximately $33,000. Bank of New York Mellon Corp lifted its position in Skillsoft by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company's stock worth $330,000 after purchasing an additional 2,168 shares during the period. Finally, Procyon Advisors LLC lifted its position in Skillsoft by 7.7% in the third quarter. Procyon Advisors LLC now owns 70,114 shares of the company's stock worth $62,000 after purchasing an additional 5,000 shares during the period. 87.00% of the stock is owned by institutional investors.

Skillsoft Company Profile

Skillsoft Corp. provides skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.