Key Points
- CEO insider buying: Ronald Hovsepian purchased 8,325 Skillsoft shares at an average price of $6.10, investing $50,782.50 and increasing his stake by 2.29% to 371,071 shares.
- Weak stock and financial profile: Skillsoft opened at $5.95, with a $54.11 million market capitalization, negative earnings and net margin, and a share price well below its 52-week high of $18.45.
- Analyst sentiment remains cautious: Analysts maintain a consensus “Reduce” rating, while the company’s latest quarterly EPS of $1.17 exceeded estimates but revenue of $98.25 million fell slightly short of expectations.
Skillsoft Corp. (NYSE:SKIL - Get Free Report) CEO Ronald Hovsepian purchased 8,325 shares of the firm's stock in a transaction dated Monday, September 21st. The stock was purchased at an average cost of $6.10 per share, for a total transaction of $50,782.50. Following the acquisition, the chief executive officer owned 371,071 shares of the company's stock, valued at approximately $2,263,533.10. This trade represents a 2.29% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Skillsoft Stock Performance
NYSE:SKIL opened at $5.95 on Thursday. The firm has a market capitalization of $54.11 million, a price-to-earnings ratio of -0.32, a P/E/G ratio of 0.19 and a beta of 2.22. Skillsoft Corp. has a 52-week low of $3.43 and a 52-week high of $18.45. The stock has a fifty day moving average of $7.00 and a 200 day moving average of $6.45.
Skillsoft (NYSE:SKIL - Get Free Report) last issued its quarterly earnings data on Wednesday, September 9th. The company reported $1.17 EPS for the quarter, topping the consensus estimate of $0.83 by $0.34. The company had revenue of $98.25 million during the quarter, compared to analyst estimates of $99.00 million. Skillsoft had a negative return on equity of 74.19% and a negative net margin of 36.13%. Equities analysts forecast that Skillsoft Corp. will post 3.05 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently weighed in on SKIL shares. Weiss Ratings upgraded shares of Skillsoft from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Wednesday, August 5th. Oppenheimer reissued a "market perform" rating on shares of Skillsoft in a research note on Thursday, September 10th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Skillsoft has a consensus rating of "Reduce".
Get Our Latest Report on Skillsoft
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in SKIL. Squarepoint Ops LLC purchased a new stake in shares of Skillsoft in the 2nd quarter valued at $98,000. Renaissance Technologies LLC raised its position in Skillsoft by 11.1% in the 1st quarter. Renaissance Technologies LLC now owns 61,009 shares of the company's stock worth $262,000 after purchasing an additional 6,100 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Skillsoft by 23.7% in the first quarter. Bank of New York Mellon Corp now owns 15,561 shares of the company's stock worth $67,000 after purchasing an additional 2,985 shares during the last quarter. 87.00% of the stock is owned by hedge funds and other institutional investors.
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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