Skillsoft (NYSE:SKIL) Downgraded to "Hold" Rating by Wall Street Zen

Skillsoft (NYSE:SKIL - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a note issued to investors on Saturday.

Skillsoft Trading Up 0.6%

Shares of NYSE SKIL opened at $16.40 on Friday. The stock's 50 day moving average price is $18.51 and its two-hundred day moving average price is $22.11. Skillsoft has a 52-week low of $11.01 and a 52-week high of $34.43. The stock has a market capitalization of $140.55 million, a P/E ratio of -1.02 and a beta of 1.51. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 9.13.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of SKIL. AREX Capital Management LP boosted its stake in Skillsoft by 16.8% in the first quarter. AREX Capital Management LP now owns 398,960 shares of the company's stock valued at $7,676,000 after acquiring an additional 57,239 shares during the period. Goldman Sachs Group Inc. grew its stake in Skillsoft by 122.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company's stock worth $2,891,000 after buying an additional 82,860 shares during the last quarter. Renaissance Technologies LLC increased its position in Skillsoft by 8.0% in the fourth quarter. Renaissance Technologies LLC now owns 81,080 shares of the company's stock worth $1,943,000 after buying an additional 6,000 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Skillsoft in the first quarter worth $1,411,000. Finally, Millennium Management LLC lifted its stake in Skillsoft by 12.5% in the fourth 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 last quarter. 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.

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