Skillsoft (NYSE:SKIL) Shares Up 3.8% – What’s Next?

Skillsoft Corp. (NYSE:SKIL)’s share price was up 3.8% on Wednesday . The stock traded as high as $8.16 and last traded at $7.91. Approximately 23,142 shares were traded during mid-day trading, a decline of 55% from the average session volume of 51,314 shares. The stock had previously closed at $7.62.

Wall Street Analyst Weigh In

Separately, Weiss Ratings upgraded Skillsoft from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 5th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Skillsoft presently has a consensus rating of “Reduce”.

Skillsoft Stock Performance

The stock has a fifty day moving average of $7.18 and a 200 day moving average of $6.37. The company has a market capitalization of $70.95 million, a PE ratio of -0.48, a PEG ratio of 0.25 and a beta of 2.24.

Skillsoft (NYSE:SKIL) last posted its quarterly earnings results on Tuesday, June 9th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $0.05 by $1.11. Skillsoft had a negative return on equity of 221.25% and a negative net margin of 30.00%.The business had revenue of $94.50 million during the quarter, compared to the consensus estimate of $121.10 million. As a group, equities analysts predict that Skillsoft Corp. will post 3 EPS for the current year.

Insider Activity at Skillsoft

In related news, Director Jim Frankola bought 27,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average price of $6.05 per share, for a total transaction of $163,350.00. Following the completion of the transaction, the director owned 95,306 shares in the company, valued at $576,601.30. The trade was a 39.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 16.20% of the company’s stock.

Institutional Trading of Skillsoft

Several hedge funds have recently bought and sold shares of SKIL. Bank of America Corp DE grew its position in shares of Skillsoft by 330.0% during the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after purchasing an additional 1,343 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new position in Skillsoft during the second quarter valued at approximately $39,000. New York State Common Retirement Fund purchased a new position in Skillsoft during the 2nd quarter valued at approximately $96,000. Public Employees Retirement System of Ohio grew its holdings in Skillsoft by 330.2% during the 4th quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock valued at $57,000 after buying an additional 4,705 shares in the last quarter. Finally, NewEdge Advisors LLC increased its stake in Skillsoft by 374.2% in the 4th quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock worth $68,000 after acquiring an additional 5,785 shares during the last quarter. Hedge funds and other institutional investors own 87.00% of the company’s stock.

Skillsoft Company Profile

Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.

Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.