Research Solutions Inc. (NASDAQ:RSSS) Stock Now Rated “Hold” by Wall Street Brokerages

Research Solutions Inc. (NASDAQ:RSSS) has been given an average recommendation of “Hold” by the five analysts that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $3.83.

Separately, Weiss Ratings lowered Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday.

Hedge Funds Weigh In On Research Solutions

A number of institutional investors and hedge funds have recently modified their holdings of RSSS. North Star Investment Management Corp. raised its holdings in shares of Research Solutions by 14.8% in the 3rd quarter. North Star Investment Management Corp. now owns 410,000 shares of the company’s stock valued at $886,000 after purchasing an additional 53,000 shares in the last quarter. NewEdge Advisors LLC purchased a new position in shares of Research Solutions in the 2nd quarter valued at about $60,000. Punch & Associates Investment Management Inc. purchased a new stake in Research Solutions during the 2nd quarter worth approximately $5,922,000. Bard Associates Inc. acquired a new stake in shares of Research Solutions in the second quarter valued at approximately $1,413,000. Finally, BlackRock Inc. acquired a new position in Research Solutions in the second quarter valued at approximately $332,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

Shares of RSSS stock opened at $2.01 on Monday. The stock has a market capitalization of $67.86 million, a price-to-earnings ratio of 22.34 and a beta of 0.84. Research Solutions has a 1 year low of $1.77 and a 1 year high of $3.38. The company’s fifty day simple moving average is $2.01 and its two-hundred day simple moving average is $2.26.

Research Solutions (NASDAQ:RSSS) last issued 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). Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. The company had revenue of $12.08 million during the quarter, compared to the consensus estimate of $11.95 million. Equities research analysts anticipate that Research Solutions will post 0.10 EPS for the current year.

About Research Solutions

Research Solutions, Inc. provides cloud-based tools that help researchers find, access and manage scientific, technical and medical information. Its services are used by organizations including businesses, universities and research institutions. The company’s Article Galaxy platform supports literature discovery, document delivery and research workflows, connecting users with scholarly content from publishers. Research Solutions also offers Scite, an AI-powered research tool that helps users evaluate scientific publications and see how other studies have cited them.