Zacks Research Downgrades Research Solutions (NASDAQ:RSSS) to Hold

Research Solutions (NASDAQ:RSSS) was downgraded by research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. Roth Capital restated a “buy” rating and set a $5.00 price target on shares of Research Solutions in a research report on Friday, November 14th. Weiss Ratings lowered shares of Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Research Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

Research Solutions Stock Performance

Shares of NASDAQ RSSS traded down $0.02 during midday trading on Monday, reaching $2.82. 7,540 shares of the company’s stock were exchanged, compared to its average volume of 40,614. Research Solutions has a 52-week low of $2.32 and a 52-week high of $4.12. The stock has a market capitalization of $92.69 million, a PE ratio of 94.67 and a beta of 0.73. The business’s fifty day moving average price is $2.95 and its two-hundred day moving average price is $3.07.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The business had revenue of $12.31 million for the quarter, compared to analyst estimates of $12.29 million. Research Solutions had a net margin of 2.73% and a return on equity of 10.37%. Analysts predict that Research Solutions will post 0.05 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Evernest Financial Advisors LLC bought a new stake in Research Solutions in the second quarter worth about $35,000. NewEdge Advisors LLC bought a new stake in shares of Research Solutions in the 1st quarter worth approximately $71,000. Topline Capital Management LLC acquired a new stake in Research Solutions during the second quarter valued at approximately $125,000. Heron Bay Capital Management boosted its holdings in Research Solutions by 230.7% during the third quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock worth $162,000 after buying an additional 30,212 shares in the last quarter. Finally, Ashford Capital Management Inc. acquired a new position in Research Solutions in the third quarter worth approximately $186,000. 33.60% of the stock is owned by institutional investors and hedge funds.

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.