Skillsoft Corp. (NASDAQ:SKIL – Free Report) – Equities researchers at B. Riley increased their FY2024 EPS estimates for Skillsoft in a report issued on Wednesday, November 29th. B. Riley analyst R. Sharma now expects that the company will post earnings of ($17.30) per share for the year, up from their prior estimate of ($18.00). B. Riley currently has a “Buy” rating and a $40.00 price objective on the stock. The consensus estimate for Skillsoft’s current full-year earnings is ($18.00) per share. B. Riley also issued estimates for Skillsoft’s Q4 2024 earnings at ($3.20) EPS and FY2025 earnings at ($12.20) EPS.
Skillsoft (NASDAQ:SKIL – Get Free Report) last announced its earnings results on Monday, September 11th. The company reported ($3.60) earnings per share for the quarter, beating analysts’ consensus estimates of ($4.00) by $0.40. The firm had revenue of $141.19 million for the quarter, compared to analyst estimates of $139.88 million. Skillsoft had a negative net margin of 118.26% and a negative return on equity of 24.19%.
Other equities research analysts have also issued research reports about the stock. Barclays dropped their price objective on shares of Skillsoft from $58.00 to $50.00 and set an “overweight” rating on the stock in a research note on Friday, August 18th. Citigroup boosted their price objective on shares of Skillsoft from $62.00 to $66.00 and gave the stock a “buy” rating in a research note on Wednesday, September 13th.
View Our Latest Stock Analysis on Skillsoft
Skillsoft Stock Performance
Shares of SKIL opened at $19.26 on Friday. The firm’s 50-day moving average price is $17.97 and its 200-day moving average price is $23.94. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 1.25. Skillsoft has a 1-year low of $13.85 and a 1-year high of $43.40.
Institutional Investors Weigh In On Skillsoft
A number of institutional investors have recently made changes to their positions in the company. GSA Capital Partners LLP grew its holdings in shares of Skillsoft by 34.6% during the third quarter. GSA Capital Partners LLP now owns 154,883 shares of the company’s stock valued at $137,000 after buying an additional 39,793 shares during the last quarter. Alberta Investment Management Corp grew its holdings in shares of Skillsoft by 6.8% during the third quarter. Alberta Investment Management Corp now owns 1,872,483 shares of the company’s stock valued at $1,660,000 after buying an additional 118,588 shares during the last quarter. Qube Research & Technologies Ltd grew its holdings in shares of Skillsoft by 32.7% during the third quarter. Qube Research & Technologies Ltd now owns 29,806 shares of the company’s stock valued at $26,000 after buying an additional 7,353 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Skillsoft by 8.9% during the third quarter. Northern Trust Corp now owns 691,065 shares of the company’s stock valued at $613,000 after buying an additional 56,372 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Skillsoft by 0.7% during the third quarter. Invesco Ltd. now owns 315,533 shares of the company’s stock valued at $280,000 after buying an additional 2,304 shares during the last quarter. Hedge funds and other institutional investors own 71.47% of the company’s stock.
Insider Buying and Selling
In other Skillsoft news, Director Peter Schmitt acquired 2,250 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The shares were acquired at an average price of $20.00 per share, with a total value of $45,000.00. Following the completion of the purchase, the director now directly owns 5,100 shares of the company’s stock, valued at approximately $102,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired 4,189 shares of company stock valued at $77,442 over the last quarter. Corporate insiders own 14.40% of the company’s stock.
Skillsoft Company Profile
Skillsoft Corp. provides skillsoft content and global knowledge services in the United States and internationally. The company operates through two segments: Skillsoft Content and Global Knowledge. It provides content services, including leadership and business skills, technology and developer, and compliance; as well as cloud-based content on various open platform and talent management solutions.
Further Reading
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