Skillsoft (NYSE:SKIL) Trading 1.5% Higher – Still a Buy?

Shares of Skillsoft Corp. (NYSE:SKIL) shot up 1.5% during trading on Wednesday . The stock traded as high as $8.10 and last traded at $7.96. 90,875 shares changed hands during mid-day trading, a decline of 45% from the average session volume of 165,050 shares. The stock had previously closed at $7.84.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Skillsoft in a research note on Wednesday, June 24th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Reduce”.

Skillsoft Stock Performance

The company has a market cap of $71.40 million, a price-to-earnings ratio of -0.48, a PEG ratio of 0.26 and a beta of 2.27. The firm’s 50 day simple moving average is $7.07 and its 200-day simple moving average is $6.61. The company has a debt-to-equity ratio of 142.97, a quick ratio of 0.91 and a current ratio of 0.91.

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 analysts’ consensus estimates of $0.05 by $1.11. The firm had revenue of $94.50 million for the quarter, compared to analyst estimates of $121.10 million. Skillsoft had a negative net margin of 30.00% and a negative return on equity of 221.25%. On average, sell-side analysts predict that Skillsoft Corp. will post 3 EPS for the current year.

Insider Buying and Selling at Skillsoft

In related news, Director Jim Frankola purchased 27,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was acquired at an average cost of $6.05 per share, for a total transaction of $163,350.00. Following the completion of the transaction, the director directly owned 95,306 shares of the company’s stock, valued at approximately $576,601.30. This trade represents a 39.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.20% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Skillsoft

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

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.