Research Solutions Inc. (NASDAQ:RSSS) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Research Solutions Inc. (NASDAQ:RSSS) have earned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among analysts that have covered the stock in the last year is $3.8333.

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

Hedge Funds Weigh In On Research Solutions

Several hedge funds have recently bought and sold shares of RSSS. XTX Topco Ltd purchased a new stake in shares of Research Solutions in the 4th quarter worth about $65,000. NewEdge Advisors LLC bought a new position in shares of Research Solutions during the first quarter valued at approximately $71,000. Jane Street Group LLC boosted its position in shares of Research Solutions by 148.6% in the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after purchasing an additional 15,438 shares in the last quarter. Topline Capital Management LLC purchased a new stake in shares of Research Solutions in the 2nd quarter worth approximately $125,000. Finally, Goldman Sachs Group Inc. increased its position in Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after buying an additional 6,729 shares in the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

Shares of Research Solutions stock traded up $0.01 during midday trading on Tuesday, hitting $2.33. The company had a trading volume of 2,097 shares, compared to its average volume of 68,354. The stock has a market cap of $78.11 million, a PE ratio of 16.68 and a beta of 0.74. Research Solutions has a 1-year low of $2.00 and a 1-year high of $4.12. The business’s 50 day simple moving average is $2.33 and its two-hundred day simple moving average is $2.49.

Research Solutions (NASDAQ:RSSS) last posted its earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Research Solutions had a return on equity of 27.45% and a net margin of 9.28%.The firm had revenue of $12.12 million during the quarter, compared to the consensus estimate of $12.37 million. On average, sell-side analysts expect that Research Solutions will post 0.09 EPS for the current fiscal year.

About Research Solutions

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.