System1 (NYSE:SST) Stock Price Down 0.4% – Here’s What Happened

System1, Inc. (NYSE:SST) shares traded down 0.4% on Wednesday . The company traded as low as $2.50 and last traded at $2.5610. 24,077 shares traded hands during trading, a decline of 64% from the average daily volume of 66,827 shares. The stock had previously closed at $2.57.

Analyst Ratings Changes

SST has been the subject of several research reports. Weiss Ratings restated a “sell (e+)” rating on shares of System1 in a research report 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 research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $10.00.

System1 Trading Up 1.6%

The company has a market capitalization of $26.25 million, a PE ratio of -0.22 and a beta of 1.53. The firm’s 50 day moving average is $3.05 and its 200 day moving average is $3.30. The company has a debt-to-equity ratio of 13.11, a current ratio of 0.89 and a quick ratio of 0.89.

Insider Activity

In other System1 news, CFO Tridivesh Kidambi bought 26,910 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were acquired at an average cost of $3.00 per share, for a total transaction of $80,730.00. Following the purchase, the chief financial officer owned 146,816 shares in the company, valued at approximately $440,448. This trade represents a 22.44% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 10.20% of the company’s stock.

Institutional Trading of System1

A hedge fund recently raised its position in System1 stock. BNP Paribas Financial Markets boosted its position in shares of System1, Inc. (NYSE:SST) by 125.8% during the second quarter, according to the company in its most recent filing with the Securities and 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. 87.50% of the stock is currently owned by institutional investors and hedge funds.

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.