Research Solutions (NASDAQ:RSSS) Rating Increased to Strong-Buy at Wall Street Zen

Key Points

• Research Solutions has been upgraded to a "strong-buy" rating by Wall Street Zen, indicating increasing analyst confidence in the stock.
• The company's stock opened at $3.41, showing a 1.4% decline, with a price objective raised from $4.35 to $5.00 by Roth Capital.
• Research Solutions reported earnings of $0.07 per share for the last quarter, surpassing expectations of $0.03, and had a net margin of 2.58% with revenues of $12.44 million.

Research Solutions (NASDAQ:RSSS - Get Free Report) was upgraded by equities research analysts at Wall Street Zen to a "strong-buy" rating in a report issued on Saturday.

Other research analysts have also recently issued research reports about the stock. Weiss Ratings reiterated a "sell (d-)" rating on shares of Research Solutions in a research report on Wednesday. Roth Capital boosted their price objective on shares of Research Solutions from $4.35 to $5.00 and gave the company a "buy" rating in a research report on Friday, September 19th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $5.00.

Research Solutions Stock Down 1.4%

RSSS stock opened at $3.41 on Friday. Research Solutions has a twelve month low of $2.32 and a twelve month high of $4.24. The stock has a market capitalization of $111.92 million, a price-to-earnings ratio of 113.70, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66. The firm's fifty day simple moving average is $3.25 and its two-hundred day simple moving average is $2.93.

Research Solutions (NASDAQ:RSSS - Get Free Report) last posted its quarterly earnings data on Thursday, September 18th. The company reported $0.07 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.04. Research Solutions had a net margin of 2.58% and a return on equity of 10.32%. The business had revenue of $12.44 million for the quarter, compared to analysts' expectations of $12.51 million. During the same quarter in the previous year, the business posted ($0.08) earnings per share. As a group, equities research analysts expect that Research Solutions will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Evernest Financial Advisors LLC bought a new position in shares of Research Solutions in the second quarter worth about $35,000. Millennium Management LLC purchased a new stake in Research Solutions in the fourth quarter worth about $65,000. NewEdge Advisors LLC purchased a new stake in Research Solutions in the first quarter worth about $71,000. Topline Capital Management LLC purchased a new stake in Research Solutions in the second quarter worth about $125,000. Finally, Acadian Asset Management LLC lifted its stake in Research Solutions by 83.7% in the first quarter. Acadian Asset Management LLC now owns 87,327 shares of the company's stock worth $225,000 after acquiring an additional 39,789 shares during the period. 33.60% of the stock is currently owned by institutional investors.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer's internal datasets.

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