System1 (NYSE:SST) Posts Quarterly 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. The company reported ($2.23) earnings per share (EPS) for the quarter, Zacks reports. The firm had revenue of $78.11 million for the quarter. System1 had a negative return on equity of 83.49% and a negative net margin of 22.43%.

System1 Price Performance

Shares of NYSE:SST traded down $0.31 during midday trading on Friday, hitting $5.59. 62,091 shares of the stock were exchanged, compared to its average volume of 59,012. The company has a 50 day moving average price of $6.00 and a 200-day moving average price of $5.21. System1 has a twelve month low of $2.90 and a twelve month high of $15.30. The stock has a market cap of $55.18 million, a P/E ratio of -0.58 and a beta of 1.38. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 3.67.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Benchmark lifted their price target on System1 from $5.00 to $10.00 and gave the stock a "buy" rating in a research note on Friday. Wall Street Zen raised System1 to a "hold" rating in a research note on Saturday, July 26th.

Insiders Place Their Bets

In other news, Director John Civantos bought 18,842 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average price of $3.89 per share, with a total value of $73,295.38. Following the purchase, the director owned 49,455 shares of the company's stock, valued at $192,379.95. This trade represents a 61.55% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 13.20% of the company's stock.

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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