System1 (NYSE:SST) Stock Price Up 5.1% - What's Next?

Key Points

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System1, Inc. (NYSE:SST - Get Free Report) rose 5.1% during trading 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 recent research reports. Wall Street Zen upgraded System1 to a "hold" rating in a research report on Saturday, July 26th. Benchmark upped their price objective on System1 from $5.00 to $10.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, System1 has a consensus rating of "Buy" and an average price target of $10.00.

System1 Trading Up 11.6%

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 50-day simple moving average of $6.47 and a 200 day simple moving average of $5.16. The firm has a market cap of $74.50 million, a PE ratio of -0.78 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 company had revenue of $78.11 million during the quarter. System1 had a negative return on equity of 92.07% and a negative net margin of 22.43%.

Insider Buying and Selling at System1

In other news, Director John Civantos acquired 18,842 shares of System1 stock in a transaction that occurred on Thursday, June 12th. The stock was purchased at an average cost of $3.89 per share, with a total value of $73,295.38. Following the purchase, the director 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 available through the SEC website. Also, major shareholder Cee Holdings Trust acquired 12,584 shares of System1 stock in a transaction that occurred on Wednesday, August 20th. The stock was purchased at an average cost of $6.25 per share, with a total value of $78,650.00. Following the completion of the purchase, the insider owned 895,956 shares in the company, valued at $5,599,725. The trade was a 1.42% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 44,151 shares of company stock valued at $218,142. 13.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets raised its stake in System1 by 125.8% in the 2nd 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. increased its stake 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 last quarter. Deutsche Bank AG increased its stake 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 last quarter. Finally, Ancora Advisors LLC acquired a new stake in shares of System1 in the 4th quarter worth $175,000. 87.50% of the stock is owned by institutional investors and hedge funds.

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.