Research Solutions Inc. (NASDAQ:RSSS) Given Consensus Rating of “Moderate Buy” by Analysts

Research Solutions Inc. (NASDAQ:RSSS) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $3.8333.

Several equities analysts recently commented on the company. Maxim Group dropped their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Roth Mkm reiterated a “buy” rating and issued a $3.50 price objective on shares of Research Solutions in a research note on Friday, May 15th. Weiss Ratings downgraded Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Finally, Lake Street Capital dropped their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 18th.

Hedge Funds Weigh In On Research Solutions

Several institutional investors have recently bought and sold shares of RSSS. XTX Topco Ltd purchased a new position in Research Solutions in the fourth quarter valued at approximately $65,000. NewEdge Advisors LLC bought a new stake in Research Solutions during the 1st quarter valued at $71,000. Jane Street Group LLC raised its holdings in Research Solutions by 148.6% during the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock valued at $76,000 after acquiring an additional 15,438 shares during the period. Topline Capital Management LLC bought a new stake in Research Solutions during the 2nd quarter valued at $125,000. Finally, Goldman Sachs Group Inc. raised its holdings in Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after acquiring an additional 6,729 shares during the period. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

Shares of NASDAQ RSSS opened at $2.25 on Monday. Research Solutions has a twelve month low of $2.00 and a twelve month high of $4.12. The stock’s 50 day moving average price is $2.41 and its 200-day moving average price is $2.66. The company has a market capitalization of $75.26 million, a PE ratio of 16.07 and a beta of 0.82.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). Research Solutions had a net margin of 9.28% and a return on equity of 27.45%. The firm had revenue of $12.12 million during the quarter, compared to analysts’ expectations of $12.37 million. As a group, research analysts expect that Research Solutions will post 0.09 EPS for the current fiscal year.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.