Skillsoft's (SKIL) Market Perform Rating Reiterated at Oppenheimer

Skillsoft (NASDAQ:SKIL - Get Free Report)'s stock had its "market perform" rating reiterated by Oppenheimer in a research note issued to investors on Tuesday, Benzinga reports.

Skillsoft Trading Down 40.4 %

NASDAQ:SKIL traded down $3.72 during trading hours on Tuesday, hitting $5.48. The company had a trading volume of 260,008 shares, compared to its average volume of 38,044. 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 50-day moving average of $10.55 and a 200 day moving average of $14.58. The company has a market cap of $44.22 million, a P/E ratio of -0.28 and a beta of 1.15. Skillsoft has a 1 year low of $5.40 and a 1 year high of $36.48.

Hedge Funds Weigh In On Skillsoft

A number of hedge funds have recently modified their holdings of SKIL. Swiss National Bank grew its holdings in shares of Skillsoft by 7.4% during the 1st quarter. Swiss National Bank now owns 157,300 shares of the company's stock worth $950,000 after purchasing an additional 10,900 shares during the period. Vanguard Group Inc. grew its holdings in shares of Skillsoft by 1.8% during the 1st quarter. Vanguard Group Inc. now owns 2,797,459 shares of the company's stock worth $16,896,000 after purchasing an additional 48,727 shares during the period. Invesco Ltd. purchased a new position in shares of Skillsoft during the 1st quarter worth $278,000. Prelude Capital Management LLC lifted its stake in Skillsoft by 59.0% during the 1st quarter. Prelude Capital Management LLC now owns 36,183 shares of the company's stock worth $219,000 after acquiring an additional 13,433 shares in the last quarter. Finally, State Street Corp lifted its stake in Skillsoft by 1.6% during the 1st quarter. State Street Corp now owns 289,519 shares of the company's stock worth $1,749,000 after acquiring an additional 4,561 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

About Skillsoft

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.