System1 (NYSE:SST) Announces Earnings Results

System1 (NYSE:SST) posted its quarterly earnings results on Wednesday. The company reported ($2.30) earnings per share for the quarter, FiscalAI reports. The company had revenue of $61.56 million for the quarter. System1 had a negative return on equity of 92.07% and a negative net margin of 22.43%.

System1 Stock Performance

Shares of NYSE:SST traded up $0.19 on Wednesday, hitting $5.88. The company had a trading volume of 25,791 shares, compared to its average volume of 68,363. The stock has a market cap of $58.33 million, a price-to-earnings ratio of -0.61 and a beta of 1.44. The stock has a 50 day moving average price of $7.34 and a 200 day moving average price of $6.12. System1 has a 1-year low of $2.90 and a 1-year high of $15.00. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.52.

Analyst Upgrades and Downgrades

SST has been the subject of several analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of System1 in a research note on Wednesday, October 8th. Wall Street Zen upgraded shares of System1 to a “hold” rating in a research note on Saturday, July 26th. Finally, Benchmark lifted their price objective on shares of System1 from $5.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 8th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $10.00.

Insider Activity at System1

In related news, major shareholder Cee Holdings Trust bought 11,015 shares of System1 stock in a transaction that occurred on Friday, August 22nd. The stock was acquired at an average price of $7.32 per share, with a total value of $80,629.80. Following the acquisition, the insider owned 919,555 shares of the company’s stock, valued at approximately $6,731,142.60. This represents a 1.21% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders have bought 30,166 shares of company stock worth $200,783. Insiders own 13.20% of the company’s stock.

Institutional Investors Weigh In On System1

An institutional investor recently raised its position in System1 stock. BNP Paribas Financial Markets raised its position in shares of System1, Inc. (NYSE:SST) by 125.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,511 shares of the company’s stock after acquiring 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.

System1 Company Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.