Cannae Holdings Inc. Sells 2,344,482 Shares of System1, Inc. $SST

Cannae Holdings Inc. lessened its position in System1, Inc. (NYSE:SST) by 86.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 356,797 shares of the company’s stock after selling 2,344,482 shares during the period. System1 makes up 1.7% of Cannae Holdings Inc.’s holdings, making the stock its 2nd largest position. Cannae Holdings Inc. owned about 3.57% of System1 worth $1,399,000 at the end of the most recent quarter.

Separately, Citadel Advisors LLC acquired a new position in System1 during the third quarter worth about $71,000. Institutional investors own 87.50% of the company’s stock.

System1 Price Performance

NYSE SST opened at $1.51 on Friday. The stock has a market capitalization of $15.05 million, a P/E ratio of -0.18 and a beta of 1.56. System1, Inc. has a 1 year low of $1.48 and a 1 year high of $15.00. The business’s fifty day moving average is $3.48 and its two-hundred day moving average is $4.96. The company has a debt-to-equity ratio of 13.11, a quick ratio of 1.02 and a current ratio of 1.02.

System1 (NYSE:SST) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($1.65) EPS for the quarter. The company had revenue of $51.94 million for the quarter. System1 had a negative net margin of 24.55% and a negative return on equity of 163.44%.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of System1 in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.00.

About System1

System1, Inc (NYSE: SST) is a technology-driven marketing company that leverages machine learning and first-party consumer intent data to connect advertisers with potential customers. Headquartered in Venice, California, System1 focuses on developing automated, data-powered solutions to drive performance marketing across digital channels. The company’s platform captures real-time consumer insights and applies predictive analytics to optimize ad delivery and improve campaign efficiency.

The business operates through two primary segments: Consumer Acquisition and Consumer Research.