Research Solutions (NASDAQ:RSSS) Coverage Initiated by Analysts at Lake Street Capital

Equities research analysts at Lake Street Capital started coverage on shares of Research Solutions (NASDAQ:RSSS) in a research note issued on Tuesday, Benzinga reports. The brokerage set a “buy” rating and a $5.00 price target on the stock. Lake Street Capital’s price objective points to a potential upside of 60.26% from the company’s current price.

Research Solutions Stock Up 4.0 %

Shares of NASDAQ RSSS opened at $3.12 on Tuesday. Research Solutions has a 12 month low of $1.80 and a 12 month high of $3.50. The company has a market cap of $101.77 million, a price-to-earnings ratio of -156.00 and a beta of 0.60. The business has a fifty day simple moving average of $3.08 and a 200-day simple moving average of $2.73.

Insider Buying and Selling

In other news, major shareholder Peter Derycz sold 40,402 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.87, for a total transaction of $115,953.74. Following the transaction, the insider now owns 2,984,680 shares of the company’s stock, valued at approximately $8,566,031.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 26.47% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RSSS. Ridgewood Investments LLC lifted its position in shares of Research Solutions by 8.1% during the 4th quarter. Ridgewood Investments LLC now owns 124,937 shares of the company’s stock worth $325,000 after buying an additional 9,400 shares during the period. First Dallas Securities Inc. bought a new position in shares of Research Solutions during the 3rd quarter worth approximately $387,000. Cove Street Capital LLC lifted its position in shares of Research Solutions by 50.9% during the 3rd quarter. Cove Street Capital LLC now owns 3,557,847 shares of the company’s stock worth $8,147,000 after buying an additional 1,200,350 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Research Solutions by 5.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 103,304 shares of the company’s stock worth $258,000 after buying an additional 4,977 shares during the period. Finally, Kestra Private Wealth Services LLC bought a new position in shares of Research Solutions during the 3rd quarter worth approximately $61,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.