Skillsoft (NASDAQ:SKIL) PT Lowered to $20.00 at Barclays

Skillsoft (NASDAQ:SKIL) had its price objective decreased by Barclays from $25.00 to $20.00 in a research report sent to investors on Tuesday morning, Benzinga reports. Barclays currently has an overweight rating on the stock.

Separately, Oppenheimer reissued a market perform rating on shares of Skillsoft in a research report on Tuesday.

Skillsoft Trading Down 5.4 %

Shares of NASDAQ:SKIL opened at $5.47 on Tuesday. The stock has a market capitalization of $44.25 million, a price-to-earnings ratio of -0.13 and a beta of 1.14. The company has a debt-to-equity ratio of 2.81, a quick ratio of 0.94 and a current ratio of 0.93. The stock’s 50-day simple moving average is $10.28 and its two-hundred day simple moving average is $14.45. Skillsoft has a 52-week low of $5.11 and a 52-week high of $36.48.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Goldman Sachs Group Inc. raised its stake in shares of Skillsoft by 194.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 61,851 shares of the company’s stock worth $1,087,000 after buying an additional 40,859 shares during the period. Barclays PLC raised its stake in shares of Skillsoft by 43.2% in the fourth quarter. Barclays PLC now owns 25,859 shares of the company’s stock worth $455,000 after buying an additional 7,806 shares during the period. Nuveen Asset Management LLC bought a new position in shares of Skillsoft in the fourth quarter worth about $1,468,000. Vanguard Group Inc. raised its stake in shares of Skillsoft by 1.2% in the third quarter. Vanguard Group Inc. now owns 4,630,151 shares of the company’s stock worth $4,104,000 after buying an additional 54,963 shares during the period. Finally, GSA Capital Partners LLP raised its stake in Skillsoft by 34.6% during the 3rd quarter. GSA Capital Partners LLP now owns 154,883 shares of the company’s stock valued at $137,000 after purchasing an additional 39,793 shares during the period. Institutional investors own 87.00% of the company’s stock.

Skillsoft Company Profile

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.