Skillsoft (NYSE:SKIL) Issues Earnings Results, Beats Estimates By $2.57 EPS

Key Points

• Skillsoft reported a quarterly EPS of $0.47, significantly surpassing analysts' expectations of ($2.10) by $2.57.
• The company's market capitalization stands at $129.15 million, with shares trading around $15.07.
• Recent activity from institutional investors includes a 330% increase in holdings by Bank of America Corp DE during the fourth quarter.

Skillsoft (NYSE:SKIL - Get Free Report) released its quarterly earnings data on Tuesday. The company reported $0.47 EPS for the quarter, beating analysts' consensus estimates of ($2.10) by $2.57, Zacks reports. Skillsoft had a negative return on equity of 28.01% and a negative net margin of 25.09%.

Skillsoft Stock Performance

Shares of SKIL traded up $0.04 during mid-day trading on Tuesday, hitting $15.07. 74,653 shares of the company's stock were exchanged, compared to its average volume of 44,348. Skillsoft has a fifty-two week low of $11.87 and a fifty-two week high of $34.42. The firm has a market capitalization of $129.15 million, a P/E ratio of -0.94 and a beta of 1.58. The business's 50 day moving average is $15.08 and its two-hundred day moving average is $18.02. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 9.13.

Wall Street Analysts Forecast Growth

SKIL has been the topic of a number of recent research reports. Zacks Research raised Skillsoft to a "hold" rating in a research report on Monday, August 11th. Wall Street Zen lowered Skillsoft from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of "Hold".

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after purchasing an additional 1,343 shares in the last quarter. Cubist Systematic Strategies LLC raised its holdings in Skillsoft by 20.5% during the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company's stock worth $180,000 after purchasing an additional 1,593 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in Skillsoft during the second quarter worth about $39,000. Corient Private Wealth LLC increased its holdings in Skillsoft by 42.6% in the second quarter. Corient Private Wealth LLC now owns 17,031 shares of the company's stock valued at $272,000 after buying an additional 5,091 shares in the last quarter. Finally, New York State Common Retirement Fund purchased a new position in Skillsoft in the second quarter valued at about $96,000. 87.00% of the stock is owned by hedge funds and other institutional investors.

About Skillsoft

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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