Skillsoft (NASDAQ:SKIL – Get Free Report) had its price target decreased by stock analysts at Barclays from $25.00 to $20.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 246.02% from the company’s current price.
Separately, Oppenheimer reissued a “market perform” rating on shares of Skillsoft in a research report on Tuesday.
Read Our Latest Analysis on SKIL
Skillsoft Stock Up 6.1 %
Institutional Trading of Skillsoft
Large investors have recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Skillsoft by 979.4% during the first quarter. Royal Bank of Canada now owns 5,397 shares of the company’s stock worth $33,000 after buying an additional 4,897 shares during the period. Keeley Teton Advisors LLC purchased a new position in Skillsoft in the first quarter valued at approximately $66,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in Skillsoft in the second quarter valued at approximately $46,000. Price T Rowe Associates Inc. MD purchased a new position in Skillsoft in the third quarter valued at approximately $25,000. Finally, PDT Partners LLC purchased a new position in Skillsoft in the first quarter valued at approximately $93,000. 87.00% of the stock is currently owned by hedge funds and other institutional investors.
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.
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