System1 (NYSE:SST) Trading Up 1.4% - Here's What Happened

Key Points

• System1's stock price increased by 1.4%, reaching a high of $8.06 and closing at $7.84, despite a 27% drop in trading volume compared to its average.
• Analysts have optimistic views on System1, with Benchmark raising its price target from $5.00 to $10.00 and suggesting a "buy" rating.
• Insider activity included Director John Civantos purchasing 18,842 shares at an average price of $3.89, indicating confidence in the company's future.

System1, Inc. (NYSE:SST - Get Free Report)'s stock price was up 1.4% during trading on Tuesday . The stock traded as high as $8.06 and last traded at $7.84. Approximately 35,686 shares traded hands during trading, a decline of 27% from the average daily volume of 48,814 shares. The stock had previously closed at $7.73.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on SST shares. Benchmark upped their price objective on shares of System1 from $5.00 to $10.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Wall Street Zen raised shares of System1 to a "hold" rating in a research note on Saturday, July 26th. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $10.00.

System1 Trading Up 1.4%

The company has a market capitalization of $77.77 million, a P/E ratio of -0.81 and a beta of 1.39. The stock's 50 day moving average is $6.57 and its 200-day moving average is $5.24. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.18 and a quick ratio of 1.18.

System1 (NYSE:SST - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported ($2.23) earnings per share (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

In other news, Director John Civantos purchased 18,842 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were purchased at an average price of $3.89 per share, for a total transaction 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 represents a 61.55% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cee Holdings Trust purchased 11,015 shares of the business's stock in a transaction dated Friday, August 22nd. The shares were purchased at an average price of $7.32 per share, for a total transaction of $80,629.80. Following the acquisition, the insider owned 919,555 shares of the company's stock, valued at approximately $6,731,142.60. The trade was a 1.21% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 55,166 shares of company stock worth $298,772. Corporate insiders own 13.20% of the company's stock.

Institutional Investors Weigh In On System1

A hedge fund recently raised its stake in System1 stock. BNP Paribas Financial Markets increased its stake in System1, Inc. (NYSE:SST - Free Report) by 125.8% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,511 shares of the company's stock after purchasing an additional 2,513 shares during the quarter. BNP Paribas Financial Markets' holdings in System1 were worth $25,000 at the end of the most recent quarter. Institutional investors and hedge funds 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.

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