System1 (NYSE:SST) Upgraded by Wall Street Zen to "Hold" Rating

Key Points

• System1 has been upgraded to a "hold" rating by Wall Street Zen, signaling a potential shift in investor sentiment.
• The company's stock experienced a trading increase of 7.1%, with a market cap of $75.04 million and a PE ratio of -0.68.
• Insider activity is notable, as Director John Civantos acquired 18,842 shares at an average price of $3.89, indicating confidence in the company's future.

System1 (NYSE:SST - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

System1 Stock Performance

Shares of NYSE SST traded down $0.42 during trading on Friday, reaching $7.03. The stock had a trading volume of 88,743 shares, compared to its average volume of 104,366. The stock has a market cap of $69.41 million, a PE ratio of -0.63 and a beta of 1.37. The firm's 50 day moving average price is $5.66 and its two-hundred day moving average price is $5.27. The company has a debt-to-equity ratio of 3.67, a quick ratio of 1.27 and a current ratio of 1.27. System1 has a one year low of $2.90 and a one year high of $15.30.

System1 (NYSE:SST - Get Free Report) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($2.10) earnings per share (EPS) for the quarter. The business had revenue of $74.51 million for the quarter. System1 had a negative return on equity of 83.18% and a negative net margin of 23.99%.

Insiders Place Their Bets

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

Institutional Trading of System1

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