Research Solutions Inc. (NASDAQ:RSSS) Stock Has Average Price Target of $3.83 According to Analysts

Research Solutions Inc. (NASDAQ:RSSS) has earned a consensus recommendation of “Hold” from the five ratings firms that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $3.83.

Separately, Weiss Ratings downgraded Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th.

Institutional Investors Weigh In On Research Solutions

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC bought a new position in Research Solutions during the second quarter worth $60,000. BlackRock Inc. acquired a new stake in shares of Research Solutions during the second quarter worth $332,000. Navalign LLC lifted its position in shares of Research Solutions by 154.7% in the 1st quarter. Navalign LLC now owns 251,126 shares of the company’s stock worth $568,000 after buying an additional 152,546 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Research Solutions in the 1st quarter valued at about $754,000. Finally, Dynamic Advisor Solutions LLC grew its position in shares of Research Solutions by 15.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock valued at $848,000 after buying an additional 47,907 shares during the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Stock Performance

Shares of RSSS stock opened at $1.98 on Thursday. Research Solutions has a one year low of $1.90 and a one year high of $3.46. The company’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.25. The stock has a market capitalization of $66.84 million, a price-to-earnings ratio of 22.00 and a beta of 0.77.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $12.08 million during the quarter, compared to analyst estimates of $11.95 million. Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. As a group, research analysts forecast that Research Solutions will post 0.10 EPS for the current year.

About Research Solutions

Research Solutions, Inc is a technology company that provides digital tools and marketplaces for the life sciences research industry. Its platforms are designed to help scientists discover, evaluate and procure research products, services and external laboratory capabilities.

The company’s offerings include Scientist.com, a research marketplace that connects pharmaceutical, biotechnology, academic and government organizations with suppliers and contract research providers. The platform supports the sourcing and management of outsourced research activities, including laboratory services, testing and other specialized scientific capabilities.

Research Solutions also operates Bioz, a search and discovery platform that helps researchers identify scientific products and assess their use in published research.