Wall Street Zen Downgrades Skillsoft (NYSE:SKIL) to Hold

Wall Street Zen lowered shares of Skillsoft (NYSE:SKIL - Free Report) from a buy rating to a hold rating in a report issued on Saturday morning.

Skillsoft Price Performance

SKIL stock traded down $0.30 during trading hours on Friday, hitting $15.67. 41,310 shares of the stock traded hands, compared to its average volume of 49,306. The stock has a 50-day simple moving average of $18.36 and a 200 day simple moving average of $22.09. The company has a market cap of $134.29 million, a P/E ratio of -0.98 and a beta of 1.51. Skillsoft has a one year low of $11.01 and a one year high of $34.43. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 9.13.

Skillsoft (NYSE:SKIL - Get Free Report) last released its earnings results on Monday, June 9th. The company reported ($0.23) EPS for the quarter, topping analysts' consensus estimates of ($2.06) by $1.83. The business had revenue of $124.20 million for the quarter, compared to the consensus estimate of $130.97 million. Skillsoft had a negative net margin of 25.09% and a negative return on equity of 28.01%. During the same period in the previous year, the firm earned ($3.37) EPS. Equities analysts forecast that Skillsoft will post -11.31 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Millennium Management LLC boosted its stake in shares of Skillsoft by 12.5% during the 4th quarter. Millennium Management LLC now owns 58,041 shares of the company's stock valued at $1,391,000 after buying an additional 6,441 shares during the period. Barclays PLC boosted its position in Skillsoft by 644.5% during the fourth quarter. Barclays PLC now owns 18,896 shares of the company's stock valued at $452,000 after purchasing an additional 16,358 shares during the last quarter. Corient Private Wealth LLC purchased a new position in Skillsoft in the fourth quarter valued at about $286,000. JPMorgan Chase & Co. increased its position in Skillsoft by 12,013.1% in the 4th quarter. JPMorgan Chase & Co. now owns 16,595 shares of the company's stock worth $398,000 after purchasing an additional 16,458 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new position in Skillsoft in the 4th quarter worth about $251,000. 87.00% of the stock is owned by institutional investors and hedge funds.

Skillsoft Company Profile

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.