Skillsoft (NASDAQ:SKIL – Get Free Report) had its price target decreased by research analysts at Barclays from $25.00 to $20.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price objective indicates a potential upside of 246.02% from the stock’s previous close.
Separately, Oppenheimer restated a “market perform” rating on shares of Skillsoft in a research note on Tuesday.
Read Our Latest Report on Skillsoft
Skillsoft Price Performance
Hedge Funds Weigh In On Skillsoft
A number of large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Skillsoft by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock worth $330,000 after purchasing an additional 2,168 shares during the period. Invesco Ltd. increased its stake in shares of Skillsoft by 0.7% during the third quarter. Invesco Ltd. now owns 315,533 shares of the company’s stock worth $280,000 after purchasing an additional 2,304 shares during the period. Rhumbline Advisers increased its stake in shares of Skillsoft by 2.7% during the third quarter. Rhumbline Advisers now owns 120,009 shares of the company’s stock worth $106,000 after purchasing an additional 3,136 shares during the period. State Street Corp increased its stake in shares of Skillsoft by 1.6% during the first quarter. State Street Corp now owns 289,519 shares of the company’s stock worth $1,749,000 after purchasing an additional 4,561 shares during the period. Finally, Royal Bank of Canada increased its stake in shares of Skillsoft by 979.4% during the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock worth $33,000 after purchasing an additional 4,897 shares during the period. Institutional investors own 87.00% of the company’s stock.
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.
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