Oppenheimer Reaffirms Market Perform Rating for Skillsoft (NASDAQ:SKIL)

Oppenheimer reaffirmed their market perform rating on shares of Skillsoft (NASDAQ:SKIL) in a research report report published on Tuesday, Benzinga reports.

Skillsoft Stock Performance

NASDAQ SKIL opened at $5.47 on Tuesday. The company has a current ratio of 0.93, a quick ratio of 0.94 and a debt-to-equity ratio of 2.81. The firm’s fifty day moving average price is $10.28 and its two-hundred day moving average price is $14.45. Skillsoft has a 1 year low of $5.11 and a 1 year high of $36.48. The firm has a market capitalization of $44.25 million, a P/E ratio of -0.13 and a beta of 1.14.

Institutional Trading of Skillsoft

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Paradice Investment Management LLC raised its position in Skillsoft by 4.8% during the third quarter. Paradice Investment Management LLC now owns 12,400,694 shares of the company’s stock worth $10,992,000 after acquiring an additional 563,067 shares in the last quarter. BlackRock Inc. raised its position in Skillsoft by 2.8% during the third quarter. BlackRock Inc. now owns 5,600,992 shares of the company’s stock worth $10,250,000 after acquiring an additional 154,480 shares in the last quarter. Morgan Stanley raised its position in Skillsoft by 447.0% during the fourth quarter. Morgan Stanley now owns 4,648,636 shares of the company’s stock worth $6,043,000 after acquiring an additional 3,798,864 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Skillsoft by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,630,151 shares of the company’s stock valued at $4,104,000 after purchasing an additional 54,963 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of Skillsoft by 75.0% in the second quarter. Nuveen Asset Management LLC now owns 2,280,876 shares of the company’s stock valued at $2,828,000 after purchasing an additional 977,608 shares during the period. 87.00% of the stock is owned by institutional investors.

About Skillsoft

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.