Research Solutions (NASDAQ:RSSS) Trading Down 1.8% – Time to Sell?

Research Solutions Inc. (NASDAQ:RSSS) fell 1.8% on Tuesday . The company traded as low as $2.21 and last traded at $2.21. 90,786 shares traded hands during mid-day trading, a decline of 17% from the average session volume of 109,347 shares. The stock had previously closed at $2.25.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on RSSS. Weiss Ratings downgraded shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Roth Mkm reissued a “buy” rating and issued a $3.50 price target on shares of Research Solutions in a report on Friday, May 15th. Maxim Group cut their price target on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Lake Street Capital cut their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, Research Solutions presently has a consensus rating of “Moderate Buy” and a consensus target price of $3.83.

Research Solutions Trading Down 1.8%

The company has a fifty day simple moving average of $2.38 and a 200-day simple moving average of $2.59. The stock has a market cap of $73.92 million, a price-to-earnings ratio of 15.79 and a beta of 0.77.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data 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 company 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%. As a group, analysts anticipate that Research Solutions Inc. will post 0.09 earnings per share for the current year.

Hedge Funds Weigh In On Research Solutions

A number of large investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Research Solutions by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after purchasing an additional 3,918 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of Research Solutions by 18.6% in the 4th 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 period. Hodges Capital Management Inc. increased its holdings in shares of Research Solutions by 4.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after purchasing an additional 7,500 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Research Solutions by 5.7% in the 4th quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $642,000 after purchasing an additional 11,756 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its holdings in shares of Research Solutions by 4.9% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock valued at $851,000 after purchasing an additional 13,483 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.