Skillsoft (NASDAQ:SKIL) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Skillsoft (NASDAQ:SKILGet Rating) from a sell rating to a hold rating in a report issued on Wednesday morning, Zacks.com reports.

According to Zacks, “Skillsoft Corp. delivers digital learning, training and talent solutions. The company democratizes learning through an intelligent learning experience and a customized, learner-centric approach to skills development with resources for Leadership Development, Business Skills, Technology and Developer, Digital Transformation and Compliance. Skillsoft Corp., formerly known as Churchill Capital Corp II, is based in NEW YORK. “

A number of other analysts have also recently commented on the company. Barclays started coverage on Skillsoft in a research report on Thursday, May 5th. They set an overweight rating for the company. Colliers Securities assumed coverage on Skillsoft in a research report on Wednesday, March 16th. They set a buy rating and a $13.00 price objective for the company. Finally, Piper Sandler reduced their price target on Skillsoft from $10.00 to $7.00 and set a neutral rating for the company in a research report on Thursday, April 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Skillsoft presently has an average rating of Buy and an average price target of $13.50.

Shares of NASDAQ:SKIL opened at $4.49 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 0.44. Skillsoft has a 1 year low of $4.11 and a 1 year high of $12.88. The stock’s fifty day moving average price is $5.74 and its 200-day moving average price is $7.98.

Skillsoft (NASDAQ:SKILGet Rating) last posted its quarterly earnings data on Wednesday, April 6th. The company reported ($0.11) EPS for the quarter, meeting analysts’ consensus estimates of ($0.11). The firm had revenue of $176.49 million for the quarter, compared to analysts’ expectations of $175.26 million. On average, analysts forecast that Skillsoft will post -0.36 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Daiwa Securities Group Inc. bought a new position in shares of Skillsoft in the fourth quarter worth about $35,000. Geode Capital Management LLC boosted its stake in Skillsoft by 1.0% during the fourth quarter. Geode Capital Management LLC now owns 566,477 shares of the company’s stock valued at $5,183,000 after buying an additional 5,351 shares during the last quarter. Swiss National Bank boosted its stake in Skillsoft by 7.4% during the first quarter. Swiss National Bank now owns 157,300 shares of the company’s stock valued at $950,000 after buying an additional 10,900 shares during the last quarter. Teton Advisors Inc. bought a new position in Skillsoft during the third quarter valued at approximately $129,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Skillsoft during the fourth quarter valued at approximately $102,000. 80.16% of the stock is owned by hedge funds and other institutional investors.

Skillsoft Company Profile (Get Rating)

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

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