Skillsoft (NYSE:SKIL) Announces Quarterly Earnings Results

Skillsoft (NYSE:SKIL) released its quarterly earnings data on Tuesday. The company reported $1.26 earnings per share for the quarter, missing analysts’ consensus estimates of $1.27 by ($0.01), FiscalAI reports. Skillsoft had a negative net margin of 26.02% and a positive return on equity of 40.31%. The company had revenue of $130.65 million for the quarter, compared to analysts’ expectations of $130.15 million.

Skillsoft Trading Down 1.2%

Shares of SKIL traded down $0.06 during trading hours on Tuesday, reaching $4.37. 194,031 shares of the company traded hands, compared to its average volume of 171,633. Skillsoft has a 12 month low of $3.43 and a 12 month high of $24.01. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 142.97. The company’s fifty day moving average price is $5.33 and its two-hundred day moving average price is $8.92. The company has a market capitalization of $38.24 million, a price-to-earnings ratio of -0.28, a price-to-earnings-growth ratio of 0.13 and a beta of 1.74.

Institutional Trading of Skillsoft

Several institutional investors and hedge funds have recently bought and sold shares of SKIL. Bank of America Corp DE boosted its position in Skillsoft by 330.0% during the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after acquiring an additional 1,343 shares in the last quarter. Cubist Systematic Strategies LLC raised its position in shares of Skillsoft by 20.5% in the 1st quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after acquiring an additional 1,593 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Skillsoft by 6.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 31,174 shares of the company’s stock valued at $406,000 after purchasing an additional 1,772 shares during the period. Vanguard Group Inc. boosted its position in shares of Skillsoft by 0.7% during the third quarter. Vanguard Group Inc. now owns 257,767 shares of the company’s stock valued at $3,356,000 after purchasing an additional 1,841 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Skillsoft by 4.2% during the fourth quarter. State Street Corp now owns 56,560 shares of the company’s stock valued at $526,000 after purchasing an additional 2,289 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SKIL has been the subject of several analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Skillsoft in a research report on Friday, March 27th. Zacks Research cut shares of Skillsoft from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 9th. Finally, Wall Street Zen downgraded shares of Skillsoft from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce”.

About Skillsoft

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.