Analysts Set Research Solutions Inc. (NASDAQ:RSSS) Target Price at $3.83

Shares of Research Solutions Inc. (NASDAQ:RSSS) have been given an average recommendation of “Moderate Buy” by the five ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $3.8333.

A number of equities research analysts have recently commented on the stock. Roth Capital reiterated a “buy” rating and set a $3.50 price target on shares of Research Solutions in a report on Friday, May 15th. Weiss Ratings cut Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. 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. Finally, Lake Street Capital reduced their target price on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, May 18th.

Hedge Funds Weigh In On Research Solutions

A number of hedge funds have recently bought and sold shares of RSSS. XTX Topco Ltd purchased a new stake in shares of Research Solutions during the 4th quarter valued at about $65,000. NewEdge Advisors LLC purchased a new position in shares of Research Solutions during the first quarter valued at approximately $71,000. Jane Street Group LLC lifted its position in Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock valued at $76,000 after purchasing an additional 15,438 shares during the period. Topline Capital Management LLC bought a new position in Research Solutions during the second quarter valued at approximately $125,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Research Solutions by 18.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after purchasing an additional 6,729 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Trading Up 0.4%

Research Solutions stock opened at $2.32 on Tuesday. Research Solutions has a 12 month low of $2.00 and a 12 month high of $4.12. The company has a market capitalization of $77.60 million, a price-to-earnings ratio of 16.57 and a beta of 0.74. The business’s fifty day simple moving average is $2.31 and its two-hundred day simple moving average is $2.47.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings results 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 company had revenue of $12.12 million for the quarter, compared to the consensus estimate of $12.37 million. Research Solutions had a net margin of 9.28% and a return on equity of 27.45%. On average, equities research analysts predict that Research Solutions will post 0.09 EPS for the current year.

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.