Skillsoft (NYSE:SKIL) Releases Earnings Results, Beats Expectations By $1.83 EPS

Skillsoft (NYSE:SKIL) released its quarterly earnings data on Monday. The company reported ($0.23) EPS for the quarter, beating analysts’ consensus estimates of ($2.06) by $1.83, Zacks reports. Skillsoft had a negative net margin of 62.85% and a negative return on equity of 53.74%.

Skillsoft Trading Up 3.8%

Shares of NYSE:SKIL traded up $0.68 on Monday, reaching $18.58. 90,847 shares of the company traded hands, compared to its average volume of 49,920. The stock has a market capitalization of $157.61 million, a P/E ratio of -0.45 and a beta of 1.58. The business’s 50-day simple moving average is $19.82 and its 200 day simple moving average is $22.19. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 4.77. Skillsoft has a 52 week low of $8.05 and a 52 week high of $34.43.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Skillsoft from a “hold” rating to a “buy” rating in a research report on Friday, May 30th.

Institutional Investors Weigh In On Skillsoft

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its position in shares of Skillsoft by 330.0% in the 4th quarter. Bank of America Corp DE now owns 1,750 shares of the company’s stock worth $42,000 after buying an additional 1,343 shares during the last quarter. Cubist Systematic Strategies LLC lifted its stake in Skillsoft by 20.5% in the first quarter. Cubist Systematic Strategies LLC now owns 9,370 shares of the company’s stock worth $180,000 after acquiring an additional 1,593 shares during the period. Jane Street Group LLC bought a new stake in Skillsoft in the first quarter valued at $296,000. Acadian Asset Management LLC increased its position in Skillsoft by 286.0% during the 1st quarter. Acadian Asset Management LLC now owns 40,374 shares of the company’s stock valued at $774,000 after purchasing an additional 29,914 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Skillsoft by 122.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 150,254 shares of the company’s stock worth $2,891,000 after purchasing an additional 82,860 shares in the last quarter. 87.00% of the stock is currently owned by institutional investors.

About Skillsoft

Skillsoft Corp. provides content and platform and instructor-led training services in the United States and internationally. The company's Content & Platform segment engages in the sale, marketing, and delivery of its content learning solutions in areas, such as leadership and business, technology and developer, and compliance comprising individualized coaching, as well as technical skill areas.