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

Research Solutions Inc. (NASDAQ:RSSS) has been assigned an average rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $3.8333.

A number of research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Research Solutions in a research note on Wednesday, August 12th. Lake Street Capital decreased their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Maxim Group dropped their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Roth Capital reissued a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a research note on Friday, May 15th.

Research Solutions Stock Performance

Shares of RSSS stock opened at $2.21 on Wednesday. The firm’s 50 day moving average price is $2.25 and its two-hundred day moving average price is $2.33. Research Solutions has a 52-week low of $2.00 and a 52-week high of $4.12. The stock has a market cap of $73.92 million, a PE ratio of 15.79 and a beta of 0.75.

Institutional Trading of Research Solutions

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. acquired a new stake in shares of Research Solutions in the 2nd quarter valued at approximately $5,922,000. Bard Associates Inc. acquired a new position in Research Solutions during the second quarter valued at approximately $1,413,000. BlackRock Inc. acquired a new position in Research Solutions during the second quarter valued at approximately $332,000. Dynamic Advisor Solutions LLC increased its stake in Research Solutions by 15.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock valued at $848,000 after purchasing an additional 47,907 shares in the last quarter. Finally, Navalign LLC increased its stake in Research Solutions by 154.7% in the first quarter. Navalign LLC now owns 251,126 shares of the company’s stock valued at $568,000 after purchasing an additional 152,546 shares in the last quarter. 33.60% of the stock is owned by institutional investors.

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.