Skillsoft (NYSE:SKIL) Shares Up 2% - Should You Buy?

Key Points

• Skillsoft Corp.'s shares rose by 2% during mid-day trading, trading as high as $15.00, with a last price of $14.98.
• Wall Street analysts downgraded Skillsoft from a "buy" to a "hold" rating, indicating shifting sentiment on the stock's performance.
• In its last earnings report, Skillsoft reported a quarterly loss of ($0.23) per share, which exceeded analysts' expectations, but the company's revenue was below estimates.

Shares of Skillsoft Corp. (NYSE:SKIL - Get Free Report) traded up 2% during trading on Monday . The company traded as high as $15.00 and last traded at $14.98. 37,675 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 39,822 shares. The stock had previously closed at $14.69.

Analysts Set New Price Targets

Separately, Wall Street Zen lowered shares of Skillsoft from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th.

Skillsoft Stock Performance

The company has a market cap of $126.97 million, a PE ratio of -0.92 and a beta of 1.51. The firm's fifty day moving average is $16.40 and its 200 day moving average is $21.00. 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 announced its quarterly earnings results on Monday, June 9th. The company reported ($0.23) earnings per share for the quarter, beating the consensus estimate of ($2.06) by $1.83. Skillsoft had a negative net margin of 25.09% and a negative return on equity of 28.01%. The firm had revenue of $124.20 million for the quarter, compared to analysts' expectations of $130.97 million. During the same quarter in the previous year, the company posted ($3.37) EPS. As a group, research analysts predict that Skillsoft Corp. will post -11.31 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its position 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. Barclays PLC lifted its position in Skillsoft by 644.5% in the fourth quarter. Barclays PLC now owns 18,896 shares of the company's stock valued at $452,000 after buying an additional 16,358 shares during the last quarter. Dimensional Fund Advisors LP acquired a new position in Skillsoft in the fourth quarter valued at about $251,000. JPMorgan Chase & Co. lifted its position in Skillsoft by 12,013.1% in the fourth quarter. JPMorgan Chase & Co. now owns 16,595 shares of the company's stock valued at $398,000 after buying an additional 16,458 shares during the last quarter. Finally, AREX Capital Management LP lifted its position in Skillsoft by 75.1% in the fourth quarter. AREX Capital Management LP now owns 341,721 shares of the company's stock valued at $8,188,000 after buying an additional 146,590 shares during the last quarter. Institutional investors and hedge funds own 87.00% of the company's stock.

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.