Skillsoft (NYSE:SKIL – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.16 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $1.11, FiscalAI reports. Skillsoft had a positive return on equity of 112.12% and a negative net margin of 27.27%.The company had revenue of $94.50 million for the quarter, compared to analyst estimates of $121.10 million.
Skillsoft Price Performance
NYSE:SKIL traded down $0.79 during mid-day trading on Tuesday, reaching $6.14. 160,283 shares of the company were exchanged, compared to its average volume of 175,259. Skillsoft has a 12 month low of $3.43 and a 12 month high of $21.25. The company has a fifty day moving average of $6.49 and a 200 day moving average of $6.90. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 142.97. The stock has a market cap of $54.99 million, a PE ratio of -0.38, a PEG ratio of 0.21 and a beta of 2.23.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in Skillsoft during the 2nd quarter valued at about $39,000. Bank of America Corp DE increased its holdings in Skillsoft by 330.0% in the fourth quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock valued at $42,000 after purchasing an additional 1,343 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Skillsoft by 330.2% in the fourth quarter. Public Employees Retirement System of Ohio now owns 6,130 shares of the company’s stock valued at $57,000 after purchasing an additional 4,705 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Skillsoft by 374.2% in the fourth quarter. NewEdge Advisors LLC now owns 7,331 shares of the company’s stock valued at $68,000 after purchasing an additional 5,785 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in Skillsoft by 116.2% in the fourth quarter. Wells Fargo & Company MN now owns 7,393 shares of the company’s stock valued at $69,000 after purchasing an additional 3,974 shares during the last quarter. 87.00% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
View Our Latest Stock Analysis on Skillsoft
Skillsoft Company Profile
Skillsoft (NYSE: SKIL) is a leading provider of corporate digital learning solutions designed to help organizations develop skills and drive performance. The company offers a range of cloud-based learning platforms and content libraries that cover technical training, leadership development, compliance, and productivity applications. Skillsoft’s flagship platform, Percipio, delivers micro-learning modules, video tutorials, books and audiobooks, hands-on labs and simulations, and practice assessments within a unified interface that can be accessed on desktop or mobile devices.
Skillsoft’s content spans IT certification preparation, software development, cloud computing, cybersecurity, project management, and a variety of professional skills such as communication, management and sales.
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