Research Solutions (NASDAQ:RSSS) Cut to “Buy” at Wall Street Zen

Wall Street Zen lowered shares of Research Solutions (NASDAQ:RSSS) from a strong-buy rating to a buy rating in a research note issued to investors on Saturday morning.

Several other research firms have also issued reports on RSSS. Roth Capital reiterated a “buy” rating and set a $5.00 target price on shares of Research Solutions in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Research Solutions in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $5.00.

Research Solutions Stock Performance

NASDAQ RSSS opened at $2.87 on Friday. Research Solutions has a 52-week low of $2.32 and a 52-week high of $4.24. The business has a 50 day simple moving average of $3.40 and a 200 day simple moving average of $3.05. The stock has a market cap of $94.20 million, a price-to-earnings ratio of 95.70, a PEG ratio of 3.69 and a beta of 0.66.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data on Thursday, September 18th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of $0.03 by $0.04. The business had revenue of $12.44 million for the quarter, compared to analysts’ expectations of $12.51 million. Research Solutions had a net margin of 2.58% and a return on equity of 10.32%. During the same period in the previous year, the firm posted ($0.08) EPS. On average, analysts predict that Research Solutions will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP raised its position 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 buying an additional 3,918 shares in the last quarter. Hodges Capital Management Inc. increased its stake in Research Solutions by 4.2% in the third quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after acquiring an additional 7,500 shares during the last quarter. Evernest Financial Advisors LLC bought a new position in Research Solutions in the second quarter valued at approximately $35,000. NewEdge Advisors LLC acquired a new position in Research Solutions during the first quarter valued at approximately $71,000. Finally, Heron Bay Capital Management lifted its stake in 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 last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.