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

Skillsoft (NASDAQ:SKIL)‘s stock had its “market perform” rating reiterated by equities research analysts at Oppenheimer in a report released on Tuesday, Benzinga reports.

Skillsoft Price Performance

NASDAQ SKIL traded down $2.40 on Tuesday, reaching $6.80. The company had a trading volume of 44,764 shares, compared to its average volume of 35,021. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 1.32. The stock has a market capitalization of $54.88 million, a PE ratio of -0.36 and a beta of 1.15. The firm’s 50 day moving average price is $10.69 and its 200 day moving average price is $14.66. Skillsoft has a 12 month low of $6.79 and a 12 month high of $36.48.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp raised its holdings in Skillsoft by 0.6% in the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock valued at $330,000 after buying an additional 2,168 shares during the period. Invesco Ltd. grew its position in Skillsoft by 0.7% in the third quarter. Invesco Ltd. now owns 315,533 shares of the company’s stock valued at $280,000 after acquiring an additional 2,304 shares in the last quarter. Rhumbline Advisers grew its position in Skillsoft by 2.7% in the third quarter. Rhumbline Advisers now owns 120,009 shares of the company’s stock valued at $106,000 after acquiring an additional 3,136 shares in the last quarter. State Street Corp grew its position in Skillsoft by 1.6% in the first quarter. State Street Corp now owns 289,519 shares of the company’s stock valued at $1,749,000 after acquiring an additional 4,561 shares in the last quarter. Finally, Royal Bank of Canada grew its position in Skillsoft by 979.4% in the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock valued at $33,000 after acquiring an additional 4,897 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 skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.