SkillSoft (NASDAQ:SKIL) PT Raised to $13.00

SkillSoft (NASDAQ:SKIL) had its target price lifted by stock analysts at Barclays from $12.00 to $13.00 in a report released on Wednesday, The Fly reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 30.00% from the company’s previous close.

Other equities analysts have also recently issued research reports about the company. Piper Sandler raised their price target on SkillSoft from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer started coverage on SkillSoft in a report on Monday, August 16th. They set a “market perform” rating for the company. began coverage on SkillSoft in a research note on Tuesday, June 22nd. They issued a “buy” rating and a $18.00 price target for the company. B. Riley started coverage on SkillSoft in a research note on Thursday, June 24th. They set a “buy” rating and a $14.00 target price for the company. Finally, Citigroup assumed coverage on SkillSoft in a report on Tuesday, June 22nd. They issued a “buy” rating for the company. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, SkillSoft has an average rating of “Buy” and an average target price of $14.25.

Shares of NASDAQ:SKIL opened at $10.00 on Wednesday. The company has a fifty day moving average of $9.36. SkillSoft has a fifty-two week low of $8.56 and a fifty-two week high of $11.75.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nuveen Asset Management LLC bought a new stake in shares of SkillSoft in the second quarter worth about $15,003,000. Bank of New York Mellon Corp purchased a new position in shares of SkillSoft during the second quarter valued at approximately $14,493,000. Alberta Investment Management Corp purchased a new position in shares of SkillSoft during the second quarter valued at approximately $12,039,000. Paloma Partners Management Co purchased a new position in SkillSoft in the 2nd quarter worth approximately $4,186,000. Finally, Alta Fundamental Advisers LLC purchased a new position in SkillSoft in the 2nd quarter worth approximately $3,896,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

About SkillSoft

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

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