Key Points
- CEO Ronald Hovsepian bought 2,691 Skillsoft shares at an average price of $6.17, increasing his direct ownership by 0.77% to 349,969 shares.
- Skillsoft shares opened at $6.00, with a market capitalization of approximately $54.6 million, and have declined 3.1%; the stock has traded between $3.43 and $18.45 over the past year.
- Although Skillsoft exceeded quarterly EPS expectations, it reported a negative net margin and return on equity. Analysts maintain a cautious outlook, with a consensus rating of “Reduce”.
Skillsoft Corp. (NYSE:SKIL - Get Free Report) CEO Ronald Hovsepian acquired 2,691 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The shares were acquired at an average cost of $6.17 per share, with a total value of $16,603.47. Following the transaction, the chief executive officer directly owned 349,969 shares in the company, valued at $2,159,308.73. The trade was a 0.77% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link.
Skillsoft Stock Down 3.1%
SKIL opened at $6.00 on Tuesday. The firm has a market capitalization of $54.60 million, a P/E ratio of -0.32, a price-to-earnings-growth ratio of 0.20 and a beta of 2.22. The stock's 50 day moving average price is $7.03 and its two-hundred day moving average price is $6.43. Skillsoft Corp. has a 12-month low of $3.43 and a 12-month high of $18.45.
Skillsoft (NYSE:SKIL - Get Free Report) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $1.17 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.34. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%.The company had revenue of $98.25 million during the quarter, compared to analyst estimates of $99.00 million. As a group, analysts anticipate that Skillsoft Corp. will post 3.05 earnings per share for the current year.
Institutional Trading of Skillsoft
Institutional investors and hedge funds have recently modified their holdings of the company. Squarepoint Ops LLC bought a new position in Skillsoft in the second quarter worth $98,000. Renaissance Technologies LLC increased its holdings in Skillsoft by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock valued at $262,000 after buying an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of Skillsoft by 23.7% in the 1st quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company's stock valued at $67,000 after buying an additional 2,985 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have weighed in on SKIL. Weiss Ratings raised shares of Skillsoft from a "sell (e+)" rating to a "sell (d-)" rating in a report on Wednesday, August 5th. Oppenheimer reaffirmed a "market perform" rating on shares of Skillsoft in a research report on Thursday, September 10th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Skillsoft currently has a consensus rating of "Reduce".
Read Our Latest Report on SKIL
Skillsoft Company Profile
(
Get Free Report)
Skillsoft Corporation (NYSE: SKIL) is a provider of digital learning and talent-development solutions for businesses, government organizations and other institutions. The company offers online courses, learning paths, assessments and related tools designed to help organizations develop employee skills and support workforce transformation.
Its offerings cover areas such as leadership and business skills, technology and software development, cybersecurity, compliance, productivity and professional certifications.
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