Skillsoft (NYSE:SKIL) Stock Rating Upgraded by Wall Street Zen

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

Skillsoft Stock Performance

Shares of SKIL stock traded down $0.55 during trading hours on Friday, hitting $19.45. 9,950 shares of the company were exchanged, compared to its average volume of 42,172. Skillsoft has a 52-week low of $8.05 and a 52-week high of $34.42. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77. The firm has a fifty day simple moving average of $19.92 and a 200 day simple moving average of $22.04. The stock has a market capitalization of $161.84 million, a price-to-earnings ratio of -0.47 and a beta of 1.59.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AREX Capital Management LP raised its stake in Skillsoft by 75.1% in the 4th quarter. AREX Capital Management LP now owns 341,721 shares of the company's stock valued at $8,188,000 after acquiring an additional 146,590 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Skillsoft by 122.9% in the first quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company's stock worth $2,891,000 after purchasing an additional 82,860 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new stake in shares of Skillsoft in the first quarter valued at approximately $1,411,000. Informed Momentum Co LLC purchased a new stake in shares of Skillsoft during the 1st quarter valued at approximately $606,000. Finally, Acadian Asset Management LLC boosted its holdings in Skillsoft by 286.0% in the 1st quarter. Acadian Asset Management LLC now owns 40,374 shares of the company's stock worth $774,000 after buying an additional 29,914 shares during the period. Hedge funds and other institutional investors 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.