Research Solutions Inc. (NASDAQ:RSSS) Given Average Rating of “Moderate Buy” by Brokerages

Research Solutions Inc. (NASDAQ:RSSS) has been assigned a consensus recommendation of “Moderate Buy” from the five research firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $3.8333.

Several brokerages recently issued reports on RSSS. Maxim Group cut their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, May 15th. Lake Street Capital lowered their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Monday, May 18th. Roth Mkm restated a “buy” rating and issued a $3.50 price objective on shares of Research Solutions in a research note on Friday, May 15th. Finally, Weiss Ratings cut Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th.

Research Solutions Trading Down 1.7%

Shares of RSSS opened at $2.25 on Friday. The company has a market cap of $75.26 million, a price-to-earnings ratio of 16.07 and a beta of 0.77. Research Solutions has a 1-year low of $2.00 and a 1-year high of $4.12. The company’s fifty day simple moving average is $2.39 and its 200 day simple moving average is $2.58.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Research Solutions had a net margin of 9.28% and a return on equity of 27.45%. The firm had revenue of $12.12 million during the quarter, compared to analyst estimates of $12.37 million. As a group, research analysts forecast that Research Solutions will post 0.09 earnings per share for the current year.

Institutional Investors Weigh In On Research Solutions

Several hedge funds have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. increased its holdings in shares of Research Solutions by 2.1% in the first quarter. Punch & Associates Investment Management Inc. now owns 2,552,455 shares of the company’s stock valued at $5,769,000 after purchasing an additional 53,145 shares during the last quarter. Navalign LLC lifted its stake in shares of Research Solutions by 154.7% during 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. bought a new stake in shares of Research Solutions during the 1st quarter worth about $754,000. XTX Topco Ltd bought a new stake in shares of Research Solutions during the 4th quarter worth about $65,000. Finally, Rothschild Wealth LLC acquired a new position in Research Solutions in the 4th quarter valued at about $1,049,000. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.