Skillsoft (NASDAQ:SKIL) Price Target Lowered to $20.00 at Barclays

Skillsoft (NASDAQ:SKIL) had its price objective lowered by Barclays from $25.00 to $20.00 in a research note published on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Separately, Oppenheimer restated a market perform rating on shares of Skillsoft in a research note on Tuesday.

Skillsoft Stock Down 40.4 %

Shares of NASDAQ SKIL opened at $5.48 on Tuesday. The stock has a market cap of $44.22 million, a P/E ratio of -0.28 and a beta of 1.15. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 1.32. Skillsoft has a 12-month low of $5.40 and a 12-month high of $36.48. The business’s fifty day simple moving average is $10.55 and its 200-day simple moving average is $14.58.

Institutional Trading of Skillsoft

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in Skillsoft by 194.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 61,851 shares of the company’s stock valued at $1,087,000 after buying an additional 40,859 shares in the last quarter. Barclays PLC increased its position in shares of Skillsoft by 43.2% during the fourth quarter. Barclays PLC now owns 25,859 shares of the company’s stock worth $455,000 after purchasing an additional 7,806 shares in the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Skillsoft during the fourth quarter worth about $1,468,000. Vanguard Group Inc. increased its position in shares of Skillsoft by 1.2% during the third quarter. Vanguard Group Inc. now owns 4,630,151 shares of the company’s stock worth $4,104,000 after purchasing an additional 54,963 shares in the last quarter. Finally, GSA Capital Partners LLP increased its position in shares of Skillsoft by 34.6% during the third quarter. GSA Capital Partners LLP now owns 154,883 shares of the company’s stock worth $137,000 after purchasing an additional 39,793 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.

Skillsoft Company Profile

Skillsoft Corp. provides skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.