Research Solutions (NASDAQ:RSSS - Free Report) had its target price lifted by Maxim Group from $5.00 to $6.00 in a research note released on Friday, Benzinga reports. They currently have a buy rating on the stock.
Separately, Lake Street Capital assumed coverage on shares of Research Solutions in a research report on Tuesday, April 23rd. They issued a buy rating and a $5.00 price target on the stock.
Read Our Latest Report on Research Solutions
Research Solutions Price Performance
Research Solutions stock traded up $0.08 during midday trading on Friday, hitting $2.91. The company's stock had a trading volume of 260,338 shares, compared to its average volume of 52,130. The stock's 50-day moving average price is $3.07 and its 200-day moving average price is $2.77. Research Solutions has a 12 month low of $1.80 and a 12 month high of $3.50.
Insiders Place Their Bets
In other Research Solutions news, major shareholder Peter Derycz sold 40,402 shares of the business's stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $2.87, for a total transaction of $115,953.74. Following the sale, the insider now owns 2,984,680 shares in the company, valued at approximately $8,566,031.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 26.47% of the company's stock.
Institutional Trading of Research Solutions
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cove Street Capital LLC increased its holdings in shares of Research Solutions by 50.9% in the 3rd quarter. Cove Street Capital LLC now owns 3,557,847 shares of the company's stock valued at $8,147,000 after purchasing an additional 1,200,350 shares during the period. Vanguard Group Inc. increased its holdings in shares of Research Solutions by 19.5% in the 1st quarter. Vanguard Group Inc. now owns 1,167,392 shares of the company's stock valued at $3,689,000 after purchasing an additional 190,681 shares during the period. Essex Investment Management Co. LLC acquired a new position in shares of Research Solutions in the 1st quarter valued at about $561,000. First Dallas Securities Inc. acquired a new position in shares of Research Solutions in the 3rd quarter valued at about $387,000. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of Research Solutions in the 3rd quarter valued at about $61,000. Institutional investors and hedge funds own 33.60% of the company's stock.
About Research Solutions
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Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.
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