Skillsoft (NYSE:SKIL) Stock Price Up 0.1% - Should You Buy?

Skillsoft Corp. (NYSE:SKIL - Get Free Report)'s stock price was up 0.1% during mid-day trading on Monday . The stock traded as high as $16.36 and last traded at $15.92. Approximately 60,605 shares traded hands during trading, an increase of 22% from the average daily volume of 49,703 shares. The stock had previously closed at $15.90.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded Skillsoft from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.

Skillsoft Stock Up 0.1%

The company has a debt-to-equity ratio of 9.13, a current ratio of 0.86 and a quick ratio of 0.86. The company has a fifty day moving average price of $18.88 and a 200 day moving average price of $22.23. The company has a market cap of $136.43 million, a PE ratio of -0.99 and a beta of 1.59.

Skillsoft (NYSE:SKIL - Get Free Report) last released its quarterly earnings results on Monday, June 9th. The company reported ($0.23) EPS for the quarter, topping analysts' consensus estimates of ($2.06) by $1.83. The business had revenue of $124.20 million during the quarter, compared to analysts' expectations of $130.97 million. Skillsoft had a negative net margin of 25.09% and a negative return on equity of 28.01%. During the same quarter in the previous year, the company earned ($3.37) EPS. As a group, analysts anticipate that Skillsoft Corp. will post -11.31 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. AREX Capital Management LP lifted its stake in Skillsoft by 16.8% during the first quarter. AREX Capital Management LP now owns 398,960 shares of the company's stock worth $7,676,000 after purchasing an additional 57,239 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Skillsoft by 122.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company's stock valued at $2,891,000 after buying an additional 82,860 shares in the last quarter. Renaissance Technologies LLC lifted its position in Skillsoft by 8.0% in the 4th 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 last quarter. Jacobs Levy Equity Management Inc. bought a new stake in Skillsoft in the 1st quarter worth approximately $1,411,000. Finally, Millennium Management LLC boosted its stake in Skillsoft by 12.5% in the fourth quarter. Millennium Management LLC now owns 58,041 shares of the company's stock worth $1,391,000 after buying an additional 6,441 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other 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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