Skillsoft (NYSE:SKIL) Raised to "Buy" at Wall Street Zen

Key Points

• Skillsoft has been upgraded from a "hold" rating to a "buy" rating by Wall Street Zen, indicating increased confidence in the company's stock.
• In addition to Wall Street Zen's upgrade, Zacks Research has raised Skillsoft's rating to "strong-buy," contributing to an overall favorable outlook.
• Shares of Skillsoft increased by 3.0% to $13.28, with significant trading activity seen as institutional investors increase their holdings in the company.

Skillsoft (NYSE:SKIL - Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Friday.

Separately, Zacks Research upgraded shares of Skillsoft from a "hold" rating to a "strong-buy" rating in a research note on Friday, September 12th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has an average rating of "Strong Buy".

Skillsoft Stock Up 3.0%

Shares of NYSE:SKIL traded up $0.39 during trading on Friday, reaching $13.28. 23,693 shares of the stock traded hands, compared to its average volume of 43,718. Skillsoft has a 52-week low of $12.22 and a 52-week high of $34.42. The company has a debt-to-equity ratio of 13.45, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a 50-day moving average of $14.52 and a two-hundred day moving average of $17.16. The stock has a market cap of $115.64 million, a P/E ratio of -0.95 and a beta of 1.58.

Institutional Trading of Skillsoft

Institutional investors and hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. increased its holdings in Skillsoft by 122.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company's stock valued at $2,891,000 after acquiring an additional 82,860 shares during the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Skillsoft in the 1st quarter valued at $1,411,000. AREX Capital Management LP increased its holdings in Skillsoft by 16.8% in the 1st 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 last quarter. Geode Capital Management LLC increased its holdings in Skillsoft by 114.6% in the 2nd quarter. Geode Capital Management LLC now owns 102,715 shares of the company's stock valued at $1,641,000 after acquiring an additional 54,853 shares during the last quarter. Finally, Informed Momentum Co LLC bought a new stake in Skillsoft in the 1st quarter valued at $606,000. 87.00% of the stock is currently owned by institutional investors.

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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