System1's (SST) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• Weiss Ratings has restated System1's stock rating as a "sell (D-)", indicating ongoing concerns about the company's performance.
• Despite the negative rating, Benchmark has raised its price target for System1 from $5.00 to $10.00, which includes a "buy" recommendation.
• System1's recent earnings report showed a significant loss, with an EPS of (2.23) and a negative net margin of 22.43%.

System1 (NYSE:SST - Get Free Report)'s stock had its "sell (d-)" rating restated by equities researchers at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

SST has been the subject of several other reports. Benchmark increased their price target on System1 from $5.00 to $10.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen raised System1 to a "hold" rating in a research report on Saturday, July 26th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, System1 has an average rating of "Hold" and a consensus price target of $10.00.

System1 Price Performance

Shares of System1 stock traded up $0.23 during mid-day trading on Wednesday, reaching $7.85. 13,336 shares of the stock were exchanged, compared to its average volume of 32,872. The company has a market cap of $77.87 million, a price-to-earnings ratio of -0.82 and a beta of 1.43. 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 firm has a 50-day simple moving average of $7.21 and a 200 day simple moving average of $5.65. System1 has a fifty-two week low of $2.90 and a fifty-two week high of $15.00.

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

Insider Activity

In other System1 news, major shareholder Cee Holdings Trust acquired 11,015 shares of the business's stock in a transaction dated Friday, August 22nd. The stock was bought at an average cost of $7.32 per share, with a total value of $80,629.80. Following the completion of the transaction, the insider directly owned 919,555 shares in the company, valued at approximately $6,731,142.60. This represents a 1.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased 30,166 shares of company stock valued at $200,783 over the last ninety days. Company insiders own 13.20% of the company's stock.

Hedge Funds Weigh In On System1

A hedge fund recently raised its stake in System1 stock. BNP Paribas Financial Markets grew its holdings in System1, Inc. (NYSE:SST - Free Report) by 125.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 4,511 shares of the company's stock after purchasing an additional 2,513 shares during the period. BNP Paribas Financial Markets' holdings in System1 were worth $25,000 as of its most recent SEC filing. 87.50% of the stock is owned by institutional investors.

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.

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