System1 (NYSE:SST) Shares Up 2.6% – Here’s What Happened

System1, Inc. (NYSE:SST) traded up 2.6% during trading on Monday . The company traded as high as $3.22 and last traded at $3.13. 41,997 shares were traded during trading, a decline of 87% from the average session volume of 335,917 shares. The stock had previously closed at $3.05.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Weiss Ratings restated a “sell (e+)” rating on shares of System1 in a research note on Friday, May 8th. Wall Street Zen cut shares of System1 from a “sell” rating to a “strong sell” rating in a research note on Sunday, May 17th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $10.00.

System1 Price Performance

The firm’s 50-day moving average is $3.23 and its two-hundred day moving average is $3.49. The company has a market cap of $31.11 million, a P/E ratio of -0.26 and a beta of 1.50. The company has a debt-to-equity ratio of 13.11, a current ratio of 0.89 and a quick ratio of 0.89.

Insiders Place Their Bets

In other System1 news, CFO Tridivesh Kidambi purchased 26,910 shares of System1 stock in a transaction that occurred on Wednesday, April 15th. The shares were bought at an average price of $3.00 per share, for a total transaction of $80,730.00. Following the completion of the transaction, the chief financial officer owned 146,816 shares of the company’s stock, valued at approximately $440,448. This trade represents a 22.44% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 13.20% of the company’s stock.

Institutional Investors Weigh In On System1

A hedge fund recently raised its stake in System1 stock. BNP Paribas Financial Markets increased its holdings in System1, Inc. (NYSE:SST) by 125.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,511 shares of the company’s stock after purchasing an additional 2,513 shares during the period. BNP Paribas Financial Markets’ holdings in System1 were worth $25,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 87.50% of the company’s stock.

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.