System1 (NYSE:SST) Price Target Raised to $10.00 at Benchmark

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 - Get Free Report) had its price objective hoisted by research analysts at Benchmark from $5.00 to $10.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Benchmark's price objective points to a potential upside of 79.05% from the stock's current price.

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

System1 Stock Performance

Shares of SST stock traded down $0.31 during trading on Friday, reaching $5.59. 34,012 shares of the company's stock were exchanged, compared to its average volume of 82,142. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.67. The stock has a market capitalization of $55.18 million, a PE ratio of -0.50 and a beta of 1.38. System1 has a twelve month low of $2.90 and a twelve month high of $15.30. The firm's fifty day moving average price is $5.96 and its 200-day moving average price is $5.26.

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. The firm had revenue of $78.11 million during the quarter. System1 had a negative net margin of 23.99% and a negative return on equity of 83.18%.

Insiders Place Their Bets

In other news, Director John Civantos bought 18,842 shares of the stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $3.89 per share, for a total transaction of $73,295.38. Following the completion of the purchase, the director directly owned 49,455 shares in the company, valued at $192,379.95. This represents a 61.55% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 13.20% of the company's stock.

Institutional Trading of System1

Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. purchased a new position in System1 during the fourth quarter worth about $45,000. JPMorgan Chase & Co. boosted its holdings in 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 boosted its holdings in 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 purchased a new stake in System1 during the 4th quarter valued at about $175,000. 87.50% of the stock is currently owned by institutional investors.

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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