Skillsoft (NYSE:SKIL) Receives Sell (D-) Rating from Weiss Ratings

Key Points

• Skillsoft's stock has received a sell (D-) rating from Weiss Ratings, indicating negative sentiment towards its current performance.
• Despite the negative rating from Weiss, other analysts have upgraded Skillsoft's rating to buy or strong-buy recently, suggesting mixed opinions among financial experts.
• Shares of Skillsoft traded up 3.1% recently, but the company has significant debt with a debt-to-equity ratio of 13.45.

Skillsoft (NYSE:SKIL - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

Other research analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of Skillsoft from a "hold" rating to a "buy" rating in a report on Friday, September 26th. Zacks Research upgraded shares of Skillsoft from a "hold" rating to a "strong-buy" rating in a report on Friday, September 12th. One investment analyst has rated the stock with a Strong Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy".

Skillsoft Stock Up 3.1%

Shares of NYSE:SKIL traded up $0.45 during midday trading on Wednesday, hitting $15.20. 47,578 shares of the company's stock were exchanged, compared to its average volume of 61,505. The company has a debt-to-equity ratio of 13.45, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a 50 day moving average price of $14.40 and a 200-day moving average price of $16.86. The company has a market cap of $132.39 million, a PE ratio of -1.09, a price-to-earnings-growth ratio of 0.96 and a beta of 1.60. Skillsoft has a 12 month low of $12.22 and a 12 month high of $34.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE boosted its stake in Skillsoft by 330.0% in the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock valued at $42,000 after acquiring an additional 1,343 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in Skillsoft by 20.5% in the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company's stock valued at $180,000 after acquiring an additional 1,593 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Skillsoft in the second quarter valued at approximately $39,000. Corient Private Wealth LLC raised its position in shares of 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 purchasing an additional 5,091 shares during the period. Finally, AREX Capital Management LP raised its position in shares of Skillsoft by 1.4% in the second quarter. AREX Capital Management LP now owns 404,391 shares of the company's stock valued at $6,458,000 after purchasing an additional 5,431 shares during the period. 87.00% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.