System1 (NYSE:SST) Stock Price Up 5.1% - Here's Why

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

System1, Inc. (NYSE:SST - Get Free Report)'s stock price rose 5.1% on Monday . The company traded as high as $6.25 and last traded at $6.09. Approximately 36,489 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 50,338 shares. The stock had previously closed at $5.79.

Analyst Ratings Changes

SST has been the topic of a number of research analyst reports. Wall Street Zen raised shares of System1 to a "hold" rating in a report on Saturday, July 26th. Benchmark boosted their price target on shares of System1 from $5.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, August 8th.

System1 Stock Up 5.1%

The stock's fifty day moving average is $6.25 and its two-hundred day moving average is $5.14. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 4.52. The company has a market capitalization of $60.36 million, a PE ratio of -0.63 and a beta of 1.38.

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

Insider Buying and Selling

In other System1 news, Director John Civantos acquired 18,842 shares of the company's stock in a transaction on Thursday, June 12th. The shares were acquired at an average cost of $3.89 per share, with a total value of $73,295.38. Following the completion of the acquisition, the director directly owned 49,455 shares in the company, valued at $192,379.95. This trade represents a 61.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 13.20% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On System1

Institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings in System1 by 125.8% during the second quarter. BNP Paribas Financial Markets now owns 4,511 shares of the company's stock valued at $25,000 after purchasing an additional 2,513 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings 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 buying an additional 54,551 shares in the last quarter. Deutsche Bank AG lifted its holdings in shares of System1 by 383.2% in the fourth quarter. Deutsche Bank AG now owns 146,110 shares of the company's stock worth $131,000 after buying an additional 115,870 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new stake in shares of System1 in the fourth quarter worth about $175,000. 87.50% of the stock is owned by hedge funds and other institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.