Benchmark Issues Positive Forecast for System1 (NYSE:SST) Stock Price

Key Points

• Benchmark raised the price target for System1 (NYSE:SST) from $5.00 to $10.00, indicating a potential upside of 79.05% from its current trading price.
• Wall Street Zen upgraded System1's rating to "hold" on July 26, after the company reported a quarterly loss of ($2.23) EPS and a revenue of $78.11 million.
• Insider activity was notable as Director John Civantos purchased 18,842 shares at an average price of $3.89, increasing his holdings by 61.55%.

System1 (NYSE:SST - Free Report) had its price target upped by Benchmark from $5.00 to $10.00 in a research report report published on Friday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Separately, Wall Street Zen upgraded shares of System1 to a "hold" rating in a report on Saturday, July 26th.

System1 Trading Up 1.3%

Shares of NYSE SST traded up $0.07 during trading hours on Friday, hitting $5.76. The company's stock had a trading volume of 28,425 shares, compared to its average volume of 81,574. The company has a debt-to-equity ratio of 4.52, a quick ratio of 1.18 and a current ratio of 1.18. System1 has a 12 month low of $2.90 and a 12 month high of $15.30. The business has a 50-day simple moving average of $6.04 and a 200-day simple moving average of $5.18. The stock has a market cap of $56.95 million, a price-to-earnings ratio of -0.60 and a beta of 1.38.

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

Insider Buying and Selling at System1

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

Institutional Investors Weigh In On System1

A number of large investors have recently added to or reduced their stakes in SST. Prudential Financial Inc. bought a new stake in System1 in the 4th quarter worth approximately $45,000. JPMorgan Chase & Co. grew its position in shares of System1 by 160.5% during the 4th quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company's stock valued at $80,000 after acquiring an additional 54,551 shares during the period. Deutsche Bank AG grew its position in shares of System1 by 383.2% during the 4th quarter. Deutsche Bank AG now owns 146,110 shares of the company's stock valued at $131,000 after acquiring an additional 115,870 shares during the period. Finally, Ancora Advisors LLC bought a new stake in shares of System1 during the 4th quarter valued at $175,000. Institutional investors own 87.50% of the company's stock.

System1 Company Profile

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.