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 ratings firms that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $3.75.

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

Institutional Investors Weigh In On Research Solutions

A number of large investors have recently added to or reduced their stakes in the company. Needham Investment Management LLC lifted its position in shares of Research Solutions by 1.5% in the 4th quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock worth $9,246,000 after buying an additional 45,000 shares during the last quarter. Punch & Associates Investment Management Inc. grew its holdings in shares of Research Solutions by 2.1% during 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 buying an additional 53,145 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Research Solutions by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock worth $4,678,000 after acquiring an additional 42,066 shares during the last quarter. Rothschild Wealth LLC bought a new stake in Research Solutions in the fourth quarter worth approximately $1,049,000. Finally, North Star Investment Management Corp. acquired a new position in Research Solutions during the first quarter valued at approximately $754,000. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Price Performance

Shares of NASDAQ:RSSS traded down $0.36 during trading on Monday, hitting $2.04. 80,094 shares of the company’s stock were exchanged, compared to its average volume of 67,828. The company has a market cap of $66.95 million, a price-to-earnings ratio of 14.44 and a beta of 0.82. Research Solutions has a 52-week low of $2.00 and a 52-week high of $4.12. The business’s 50-day simple moving average is $2.42 and its 200 day simple moving average is $2.69.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings data on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The firm had revenue of $12.12 million during the quarter, compared to the consensus estimate of $12.37 million. Research Solutions had a return on equity of 28.98% and a net margin of 9.28%. On average, sell-side analysts anticipate 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.