System1 (NYSE:SST) Earns Sell (D-) Rating from Weiss Ratings

Key Points

• System1 (NYSE:SST) received a "sell (D-)" rating from Weiss Ratings, highlighting bearish sentiment towards the stock.
• Despite the negative rating, Benchmark raised the target price for System1 from $5.00 to $10.00, assigning a "buy" rating.
• System1's recent earnings report showed a loss of $2.23 earnings per share (EPS) and a revenue of $78.11 million for the quarter.

System1 (NYSE:SST - Get Free Report)'s stock had its "sell (d-)" rating reissued by stock analysts at Weiss Ratings in a research note issued on Friday,Weiss Ratings reports.

SST has been the topic of a number of other reports. Benchmark upped their target price on shares of System1 from $5.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Wall Street Zen upgraded shares of System1 to a "hold" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $10.00.

System1 Stock Up 3.3%

Shares of NYSE:SST opened at $6.15 on Friday. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.18 and a quick ratio of 1.18. The firm has a market capitalization of $60.96 million, a PE ratio of -0.64 and a beta of 1.43. The firm's 50-day moving average is $7.52 and its two-hundred day moving average is $5.93. System1 has a 1 year low of $2.90 and a 1 year high of $15.00.

System1 (NYSE:SST - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($2.23) earnings per share (EPS) for the quarter. The business had revenue of $78.11 million for the quarter. System1 had a negative return on equity of 92.07% and a negative net margin of 22.43%.

Insider Transactions at System1

In other System1 news, major shareholder Cee Holdings Trust purchased 12,584 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average cost of $6.25 per share, with a total value of $78,650.00. Following the completion of the acquisition, the insider directly owned 895,956 shares of the company's stock, valued at $5,599,725. This trade represents a 1.42% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 30,166 shares of company stock valued at $200,783 over the last three months. Corporate insiders own 13.20% of the company's stock.

Hedge Funds Weigh In On System1

A hedge fund recently raised its stake in System1 stock. BNP Paribas Financial Markets boosted its holdings in System1, Inc. (NYSE:SST - Free Report) by 125.8% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,511 shares of the company's stock after purchasing an additional 2,513 shares during the quarter. BNP Paribas Financial Markets' holdings in System1 were worth $25,000 as of its most recent SEC filing. 87.50% of the stock is owned by institutional investors and hedge funds.

About System1

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.

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