SkillSoft Corp. (NASDAQ:SKIL) Receives Average Recommendation of “Buy” from Brokerages

SkillSoft Corp. (NASDAQ:SKIL) has been given a consensus rating of “Buy” by the six analysts that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $14.25.

A number of research firms have issued reports on SKIL. Piper Sandler raised their target price on SkillSoft from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday. Oppenheimer started coverage on SkillSoft in a research report on Monday, August 16th. They issued a “market perform” rating for the company. B. Riley started coverage on SkillSoft in a research report on Thursday, June 24th. They issued a “buy” rating and a $14.00 price objective for the company. started coverage on SkillSoft in a research report on Tuesday, June 22nd. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Citigroup started coverage on SkillSoft in a research report on Tuesday, June 22nd. They issued a “buy” rating for the company.

Several institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. bought a new position in shares of SkillSoft during the 2nd quarter worth approximately $59,000. Penserra Capital Management LLC bought a new position in SkillSoft in the 2nd quarter valued at $178,000. Morgan Stanley bought a new position in SkillSoft in the 2nd quarter valued at $247,000. Goldman Sachs Group Inc. bought a new position in SkillSoft in the 2nd quarter valued at $255,000. Finally, Must Asset Management Inc. bought a new position in SkillSoft in the 2nd quarter valued at $387,000. Institutional investors and hedge funds own 36.26% of the company’s stock.

SKIL traded up $0.41 during midday trading on Friday, reaching $10.41. The company’s stock had a trading volume of 33,530 shares, compared to its average volume of 999,900. The firm has a fifty day simple moving average of $9.36. SkillSoft has a twelve month low of $8.56 and a twelve month high of $11.75.

SkillSoft Company Profile

Skillsoft Corp. provides corporate digital learning services in the United States and internationally. The company offers enterprise learning solutions to prepare organizations for the future of work, as well as enable them to overcome critical skill gaps, drive demonstrable behavior-change, and unlock the potential in their greatest assets.

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Analyst Recommendations for SkillSoft (NASDAQ:SKIL)

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