Skillsoft Corp. (NYSE:SKIL - Get Free Report) shares shot up 0.1% during mid-day trading on Monday . The company traded as high as $16.36 and last traded at $15.92. 60,605 shares changed hands during trading, an increase of 22% from the average session volume of 49,703 shares. The stock had previously closed at $15.90.
Analysts Set New Price Targets
Separately, Wall Street Zen raised shares of Skillsoft from a "hold" rating to a "buy" rating in a research note on Friday, May 30th.
Check Out Our Latest Report on SKIL
Skillsoft Price Performance
The company has a 50-day moving average of $18.60 and a 200-day moving average of $22.13. The company has a debt-to-equity ratio of 9.13, a current ratio of 0.86 and a quick ratio of 0.86.
Skillsoft (NYSE:SKIL - Get Free Report) last issued its quarterly earnings data on Monday, June 9th. The company reported ($0.23) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.06) by $1.83. The company had revenue of $124.20 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned ($3.37) earnings per share. Equities analysts forecast that Skillsoft Corp. will post -11.31 EPS for the current year.
Institutional Trading of Skillsoft
A number of institutional investors have recently modified their holdings of SKIL. Bank of America Corp DE grew its stake in shares of Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company's stock worth $42,000 after acquiring an additional 1,343 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. raised its holdings in shares of Skillsoft by 39.3% in the 4th quarter. Point72 Asia Singapore Pte. Ltd. now owns 4,714 shares of the company's stock valued at $113,000 after purchasing an additional 1,331 shares during the period. Cubist Systematic Strategies LLC lifted its position in shares of 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 buying an additional 1,593 shares during the last quarter. Dimensional Fund Advisors LP bought a new position in Skillsoft during the fourth quarter worth $251,000. Finally, Corient Private Wealth LLC bought a new stake in shares of Skillsoft during the 4th quarter worth about $286,000. 87.00% of the stock is currently owned by institutional investors.
About Skillsoft
(
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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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