Research Solutions Inc. (NASDAQ:RSSS) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts rate Research Solutions “Moderate Buy.” Three analysts recommend buying the stock and two rate it a hold, with an average 12-month price target of $3.83 versus its recent $2.07 price.
• The company’s latest quarterly results were mixed: revenue reached $12.08 million, slightly above expectations, but earnings of $0.02 per share missed the $0.04 consensus estimate.
• Institutional ownership stands at 33.6%, with several investment firms initiating or increasing positions during the second quarter.

Shares of Research Solutions Inc. (NASDAQ:RSSS - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the five research firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $3.8333.

Separately, Weiss Ratings reissued a "hold (c-)" rating on shares of Research Solutions in a research note on Wednesday, August 12th.

Research Solutions Stock Down 1.0%

Shares of Research Solutions stock opened at $2.07 on Friday. Research Solutions has a fifty-two week low of $1.92 and a fifty-two week high of $4.12. The firm has a market cap of $69.24 million, a PE ratio of 23.00 and a beta of 0.75. The business's fifty day moving average is $2.19 and its two-hundred day moving average is $2.29.

Research Solutions (NASDAQ:RSSS - Get Free Report) last announced its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing analysts' consensus estimates of $0.04 by ($0.02). The business had revenue of $12.08 million during the quarter, compared to analysts' expectations of $11.95 million. Research Solutions had a net margin of 5.84% and a return on equity of 15.55%. Equities research analysts anticipate that Research Solutions will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Research Solutions

Several hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in Research Solutions in the second quarter valued at approximately $60,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Research Solutions in the 2nd quarter valued at $5,922,000. Bard Associates Inc. acquired a new position in shares of Research Solutions in the 2nd quarter valued at $1,413,000. BlackRock Inc. purchased a new stake in shares of Research Solutions during the 2nd quarter valued at $332,000. Finally, Dynamic Advisor Solutions LLC grew its stake in shares of Research Solutions by 15.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company's stock valued at $848,000 after buying an additional 47,907 shares during the period. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Company Profile

Research Solutions, Inc NASDAQ: RSSS provides cloud-based workflow solutions that help organizations discover, access, manage and share scientific, technical and medical information. Its platform is designed to support research teams that rely on a large volume of published literature and other specialized content.

The company's products include Article Galaxy, a digital research and document-delivery platform, and related services operated through its Research Solutions and Reprints Desk businesses.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.