Skillsoft (NASDAQ:SKIL – Get Free Report) had its target price cut by equities researchers at Citigroup from $66.00 to $50.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the stock.
Several other equities analysts have also recently issued reports on the stock. Barclays reduced their price target on shares of Skillsoft from $25.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 16th. Oppenheimer restated a “market perform” rating on shares of Skillsoft in a report on Tuesday, April 16th.
View Our Latest Research Report on Skillsoft
Skillsoft Price Performance
Institutional Investors Weigh In On Skillsoft
A number of institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets purchased a new stake in shares of Skillsoft during the first quarter valued at approximately $192,000. 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. Paradice Investment Management LLC grew its holdings in shares of Skillsoft by 4.8% during the third quarter. Paradice Investment Management LLC now owns 12,400,694 shares of the company’s stock valued at $10,992,000 after buying an additional 563,067 shares during the last quarter. Bank of New York Mellon Corp lifted its position in Skillsoft by 0.6% during the third quarter. Bank of New York Mellon Corp now owns 372,267 shares of the company’s stock valued at $330,000 after purchasing an additional 2,168 shares during the period. Finally, SG Americas Securities LLC bought a new position in Skillsoft during the third quarter valued at approximately $33,000. Hedge funds and other 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.
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