SkillSoft (NASDAQ:SKIL) had its target price lowered by stock analysts at Piper Sandler from $12.00 to $10.00 in a research note issued to investors on Thursday, The Fly reports. The firm currently has a “neutral” rating on the stock. Piper Sandler’s target price would suggest a potential upside of 27.71% from the company’s previous close.
Several other analysts also recently issued reports on SKIL. Citigroup decreased their target price on SkillSoft from $18.00 to $16.00 and set a “buy” rating on the stock in a research note on Thursday, December 16th. Barclays lifted their price objective on SkillSoft from $12.00 to $13.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 15th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, SkillSoft presently has an average rating of “Buy” and an average price target of $14.20.
Shares of SKIL opened at $7.83 on Thursday. The business’s 50 day moving average is $10.48 and its 200 day moving average is $10.44. SkillSoft has a 12-month low of $7.56 and a 12-month high of $12.88. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.66 and a quick ratio of 0.66.
Several institutional investors have recently made changes to their positions in SKIL. Rockefeller Capital Management L.P. purchased a new position in shares of SkillSoft in the 2nd quarter worth approximately $59,000. Bank of New York Mellon Corp purchased a new position in shares of SkillSoft in the 2nd quarter worth approximately $14,493,000. Must Asset Management Inc. purchased a new position in shares of SkillSoft in the 2nd quarter worth approximately $387,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of SkillSoft in the 2nd quarter worth approximately $1,622,000. Finally, Atalaya Capital Management LP purchased a new position in shares of SkillSoft in the 2nd quarter worth approximately $2,529,000. Hedge funds and other institutional investors own 41.18% of the company’s stock.
SkillSoft Company Profile
Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.
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