System1, Inc. (NYSE:SST) Director John Civantos Acquires 18,842 Shares

System1, Inc. (NYSE:SST - Get Free Report) Director John Civantos purchased 18,842 shares of the business's stock in a transaction on Thursday, June 12th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $73,295.38. Following the completion of the purchase, the director now directly owns 49,455 shares of the company's stock, valued at approximately $192,379.95. This trade represents a 61.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

System1 Price Performance

NYSE:SST traded up $0.68 during mid-day trading on Monday, hitting $4.55. 696,509 shares of the company's stock traded hands, compared to its average volume of 28,364. System1, Inc. has a 1 year low of $2.90 and a 1 year high of $15.70. The company has a market cap of $42.67 million, a PE ratio of -3.76 and a beta of 1.20. The firm's 50 day simple moving average is $3.88 and its 200 day simple moving average is $5.78. The company has a debt-to-equity ratio of 2.52, a quick ratio of 1.36 and a current ratio of 1.36.

System1 (NYSE:SST - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($2.10) earnings per share (EPS) for the quarter. System1 had a negative net margin of 24.18% and a negative return on equity of 68.85%. The company had revenue of $74.51 million during the quarter.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a "buy" rating and set a $50.00 price objective on shares of System1 in a research report on Tuesday, March 11th.

Hedge Funds Weigh In On System1

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ancora Advisors LLC purchased a new stake in System1 in the 4th quarter worth approximately $175,000. Deutsche Bank AG lifted its holdings in shares of System1 by 383.2% during the fourth quarter. Deutsche Bank AG now owns 146,110 shares of the company's stock worth $131,000 after buying an additional 115,870 shares during the last quarter. JPMorgan Chase & Co. grew its position in System1 by 160.5% in the 4th quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company's stock worth $80,000 after purchasing an additional 54,551 shares during the last quarter. Finally, Prudential Financial Inc. bought a new position in System1 during the fourth quarter valued at about $45,000. 87.50% of the stock is owned by institutional investors.

System1 Company Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.