System1 (NYSE:SST) Stock Price Up 10.2% - Still a Buy?

System1, Inc. (NYSE:SST - Get Free Report) shares rose 10.2% on Thursday . The company traded as high as $6.94 and last traded at $6.43. Approximately 108,252 shares traded hands during trading, an increase of 103% from the average daily volume of 53,406 shares. The stock had previously closed at $5.83.

System1 Stock Up 11.1%

The firm has a market capitalization of $68.08 million, a price-to-earnings ratio of -0.62 and a beta of 1.37. The business's 50 day moving average is $5.31 and its 200-day moving average is $5.32. 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 (NYSE:SST - Get Free Report) last issued 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 during the quarter. System1 had a negative net margin of 23.99% and a negative return on equity of 83.18%.

Insider Transactions at System1

In other news, Director John Civantos purchased 18,842 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $73,295.38. Following the acquisition, the director 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 13.20% of the company's stock.

Hedge Funds Weigh In On System1

A number of institutional investors and hedge funds have recently modified their holdings of the company. Prudential Financial Inc. acquired a new stake in System1 in the 4th quarter valued at about $45,000. JPMorgan Chase & Co. lifted its position in shares of System1 by 160.5% in the fourth quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company's stock worth $80,000 after purchasing an additional 54,551 shares in the last quarter. Deutsche Bank AG increased its stake in shares of System1 by 383.2% during the fourth quarter. Deutsche Bank AG now owns 146,110 shares of the company's stock worth $131,000 after purchasing an additional 115,870 shares during the period. Finally, Ancora Advisors LLC bought a new position in System1 in the fourth quarter valued at approximately $175,000. Institutional investors and hedge funds own 87.50% 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.