Oppenheimer Reiterates “Market Perform” Rating for Skillsoft (NASDAQ:SKIL)

Skillsoft (NASDAQ:SKIL)‘s stock had its “market perform” rating restated by research analysts at Oppenheimer in a research note issued to investors on Tuesday, Benzinga reports.

Skillsoft Stock Performance

Shares of NASDAQ SKIL opened at $5.78 on Tuesday. The company has a market cap of $46.64 million, a P/E ratio of -0.30 and a beta of 1.14. Skillsoft has a 52-week low of $5.11 and a 52-week high of $36.48. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.94 and a current ratio of 0.94. The firm’s fifty day moving average is $10.42 and its two-hundred day moving average is $14.52.

Institutional Investors Weigh In On Skillsoft

A number of hedge funds have recently made changes to their positions in SKIL. Morgan Stanley grew its holdings in Skillsoft by 447.0% during the 4th quarter. Morgan Stanley now owns 4,648,636 shares of the company’s stock valued at $6,043,000 after buying an additional 3,798,864 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Skillsoft by 2,285.5% in the first quarter. Goldman Sachs Group Inc. now owns 1,350,294 shares of the company’s stock valued at $8,156,000 after purchasing an additional 1,293,690 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Skillsoft by 31.7% in the third quarter. Vanguard Group Inc. now owns 4,616,038 shares of the company’s stock valued at $8,448,000 after purchasing an additional 1,112,068 shares in the last quarter. Nuveen Asset Management LLC increased its position in Skillsoft by 75.0% in the second quarter. Nuveen Asset Management LLC now owns 2,280,876 shares of the company’s stock worth $2,828,000 after purchasing an additional 977,608 shares during the last quarter. Finally, State Street Corp raised its stake in Skillsoft by 244.8% during the second quarter. State Street Corp now owns 998,380 shares of the company’s stock valued at $3,514,000 after purchasing an additional 708,861 shares in the last quarter. 87.00% of the stock is currently owned by hedge funds and other 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.