Research Solutions Inc. (NASDAQ:RSSS) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Research Solutions Inc. (NASDAQ:RSSS) have been assigned a consensus recommendation of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $3.8333.

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

Research Solutions Stock Down 0.4%

Research Solutions stock opened at $2.25 on Monday. The business’s 50-day simple moving average is $2.41 and its 200 day simple moving average is $2.66. The stock has a market cap of $75.26 million, a price-to-earnings ratio of 16.07 and a beta of 0.82. Research Solutions has a 12-month low of $2.00 and a 12-month high of $4.12.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $12.12 million during 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%. As a group, sell-side analysts expect that Research Solutions will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Research Solutions

Hedge funds have recently modified their holdings of the business. XTX Topco Ltd acquired a new stake in shares of Research Solutions during the fourth quarter worth about $65,000. Jane Street Group LLC raised its position in shares of 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 purchasing an additional 15,438 shares during the period. NewEdge Advisors LLC acquired a new stake in shares of Research Solutions during the first quarter worth about $71,000. Goldman Sachs Group Inc. raised its position in shares of Research Solutions by 18.6% during 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 period. Finally, Heron Bay Capital Management raised its position in shares of 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 purchasing an additional 30,212 shares during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

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.