System1 (NYSE:SST) Issues Earnings Results

Key Points

• System1 reported a quarterly earnings loss of ($2.23) per share with revenue of $78.11 million and a negative return on equity of 83.49%.
• The company's stock price experienced a slight decline, trading at $5.59, while analysts have set a new price target, upgrading it from $5.00 to $10.00.
• Director John Civantos significantly increased his stake in the company by purchasing 18,842 shares at an average price of $3.89, elevating his position by 61.55%.

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

System1 Price Performance

Shares of SST traded down $0.12 during mid-day trading on Thursday, hitting $5.84. The company's stock had a trading volume of 26,732 shares, compared to its average volume of 81,112. The firm has a 50-day moving average price of $6.13 and a 200 day moving average price of $5.19. The stock has a market capitalization of $57.67 million, a price-to-earnings ratio of -0.61 and a beta of 1.38. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.18 and a quick ratio of 1.18. System1 has a fifty-two week low of $2.90 and a fifty-two week high of $15.30.

Insider Activity

In other System1 news, Director John Civantos acquired 18,842 shares of the stock in a transaction dated Thursday, June 12th. The shares were bought at an average price of $3.89 per share, with a total value of $73,295.38. Following the purchase, the director directly owned 49,455 shares of the company's stock, valued at approximately $192,379.95. This trade represents a 61.55% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 13.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on SST shares. Wall Street Zen upgraded shares of System1 to a "hold" rating in a research report on Saturday, July 26th. Benchmark lifted their price objective on shares of System1 from $5.00 to $10.00 and gave the company a "buy" rating in a research report on Friday, August 8th.

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.