Research Solutions (NASDAQ:RSSS) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Research Solutions (NASDAQ:RSSS) to a strong-buy rating in a research report released on Saturday.

Other analysts have also issued research reports about the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Research Solutions in a report on Wednesday, October 8th. Roth Capital raised their target price on Research Solutions from $4.35 to $5.00 and gave the company a “buy” rating in a report on Friday, September 19th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $5.00.

Research Solutions Stock Performance

Shares of NASDAQ RSSS opened at $3.44 on Friday. The firm has a market cap of $112.90 million, a price-to-earnings ratio of 114.70, a P/E/G ratio of 3.79 and a beta of 0.66. The business’s 50-day simple moving average is $3.27 and its 200-day simple moving average is $2.93. Research Solutions has a 52 week low of $2.32 and a 52 week high of $4.24.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Thursday, September 18th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The firm had revenue of $12.44 million for the quarter, compared to analyst estimates of $12.51 million. Research Solutions had a return on equity of 10.32% and a net margin of 2.58%.During the same quarter last year, the firm posted ($0.08) EPS. As a group, equities research analysts forecast that Research Solutions will post 0.05 earnings per share for the current year.

Institutional Trading of Research Solutions

A number of hedge funds have recently modified their holdings of RSSS. Millennium Management LLC bought a new stake in shares of Research Solutions in the 4th quarter worth approximately $65,000. NewEdge Advisors LLC bought a new stake in shares of Research Solutions in the 1st quarter worth approximately $71,000. Needham Investment Management LLC lifted its position in shares of Research Solutions by 1.7% in the 1st quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company’s stock worth $7,618,000 after acquiring an additional 50,000 shares during the period. Punch & Associates Investment Management Inc. lifted its position in shares of Research Solutions by 1.6% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,367,771 shares of the company’s stock worth $6,156,000 after buying an additional 37,651 shares during the period. Finally, Acadian Asset Management LLC lifted its position in shares of Research Solutions by 83.7% during the 1st quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock worth $225,000 after buying an additional 39,789 shares during the period. Institutional investors own 33.60% of the company’s stock.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.