Skillsoft’s (SKIL) Market Perform Rating Reaffirmed at Oppenheimer

Skillsoft (NASDAQ:SKIL)‘s stock had its “market perform” rating reaffirmed by investment analysts at Oppenheimer in a research note issued on Tuesday, Benzinga reports.

Skillsoft Stock Performance

SKIL stock opened at $5.78 on Tuesday. The stock’s fifty day moving average is $10.42 and its two-hundred day moving average is $14.52. The stock has a market capitalization of $46.64 million, a price-to-earnings ratio of -0.30 and a beta of 1.14. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 0.94. Skillsoft has a 1 year low of $5.11 and a 1 year high of $36.48.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Swiss National Bank raised its holdings in shares of 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. Vanguard Group Inc. increased its position in Skillsoft by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,797,459 shares of the company’s stock valued at $16,896,000 after acquiring an additional 48,727 shares during the period. Invesco Ltd. bought a new stake in Skillsoft during the 1st quarter valued at $278,000. Prelude Capital Management LLC boosted its position in Skillsoft by 59.0% during the 1st quarter. Prelude Capital Management LLC now owns 36,183 shares of the company’s stock worth $219,000 after acquiring an additional 13,433 shares during the period. Finally, State Street Corp boosted its position in Skillsoft by 1.6% during the 1st quarter. State Street Corp now owns 289,519 shares of the company’s stock worth $1,749,000 after acquiring an additional 4,561 shares during the period. 87.00% of the stock is owned by institutional investors and hedge funds.

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.