System1 (NYSE:SST) Posts Quarterly Earnings Results, Misses Expectations By $4.77 EPS

System1 (NYSE:SST) posted its quarterly earnings data on Thursday. The company reported ($6.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.30) by ($4.77), FiscalAI reports. System1 had a negative return on equity of 439.90% and a negative net margin of 50.66%. The company had revenue of $25.95 million for the quarter.

System1 Stock Performance

Shares of SST stock traded down $0.03 on Thursday, hitting $1.67. 63,395 shares of the company’s stock traded hands, compared to its average volume of 49,872. The stock has a market capitalization of $17.52 million, a price-to-earnings ratio of -0.15 and a beta of 1.69. The company’s fifty day simple moving average is $2.55 and its 200 day simple moving average is $2.72. System1 has a one year low of $1.35 and a one year high of $5.80.

Institutional Trading of System1

A hedge fund recently raised its stake in System1 stock. Crescent Grove Advisors LLC lifted its stake in System1, Inc. (NYSE:SST) by 398.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 376,737 shares of the company’s stock after buying an additional 301,192 shares during the period. Crescent Grove Advisors LLC owned approximately 3.59% of System1 worth $987,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on SST shares. Wall Street Zen upgraded System1 to a “sell” rating in a research report on Saturday, September 26th. Weiss Ratings cut System1 from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 3rd. Zacks Research upgraded System1 to a “hold” rating in a research report on Thursday, October 1st. Finally, Benchmark decreased their price objective on System1 from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.50.

About System1

System1, Inc. (NYSE:SST) is a technology and digital marketing company that operates a customer acquisition platform. Its proprietary Responsive Acquisition Marketing Platform (RAMP) uses data science, machine learning and performance marketing technology to help advertisers and distribution partners acquire and monetize users across digital channels. The company operates through partner-based and owned-and-operated activities. Through its partner network, System1 provides marketing services and technology that connect consumers with products and services, including search, subscription, lead-generation and other online offerings.