Research Solutions Inc. (NASDAQ:RSSS) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Research Solutions Inc. (NASDAQ:RSSS) have earned an average rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $3.8333.

Several research firms have commented on RSSS. Maxim Group cut their target price 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. Lake Street Capital lowered their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Weiss Ratings lowered shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Finally, Roth Mkm restated a “buy” rating and set a $3.50 target price on shares of Research Solutions in a report on Friday, May 15th.

Research Solutions Price Performance

RSSS opened at $2.25 on Friday. The company has a market capitalization of $75.26 million, a price-to-earnings ratio of 16.07 and a beta of 0.77. The business’s 50-day moving average price is $2.39 and its two-hundred day moving average price is $2.58. Research Solutions has a 1 year low of $2.00 and a 1 year high of $4.12.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $12.12 million for the quarter, compared to analyst estimates of $12.37 million. Research Solutions had a return on equity of 27.45% and a net margin of 9.28%. Sell-side analysts anticipate that Research Solutions will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Research Solutions

A number of large investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of Research Solutions in the 4th quarter valued at about $65,000. Jane Street Group LLC raised its holdings in Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after acquiring an additional 15,438 shares in the last quarter. NewEdge Advisors LLC bought a new stake in Research Solutions during the first quarter worth about $71,000. Goldman Sachs Group Inc. boosted its position in Research Solutions by 18.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after purchasing an additional 6,729 shares during the last quarter. Finally, Heron Bay Capital Management grew its stake in Research Solutions by 230.7% in the third quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after purchasing an additional 30,212 shares in the last quarter. 33.60% of the stock is currently owned by institutional investors and hedge funds.

About Research Solutions

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.