Brokerages Set Research Solutions Inc. (NASDAQ:RSSS) Target Price at $3.83

Shares of Research Solutions Inc. (NASDAQ:RSSS) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $3.8333.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th.

Research Solutions Stock Down 1.4%

RSSS stock opened at $2.10 on Friday. Research Solutions has a 52-week low of $1.92 and a 52-week high of $4.12. The company has a market capitalization of $70.25 million, a PE ratio of 23.34 and a beta of 0.75. The stock’s 50 day moving average is $2.19 and its two-hundred day moving average is $2.29.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Wednesday, September 9th. The company reported $0.02 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company had revenue of $12.08 million during the quarter, compared to the consensus estimate of $11.95 million. Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. As a group, sell-side analysts anticipate that Research Solutions will post 0.1 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Punch & Associates Investment Management Inc. bought a new position in shares of Research Solutions during the 2nd quarter valued at about $5,922,000. Bard Associates Inc. acquired a new stake in shares of Research Solutions in the second quarter worth $1,413,000. North Star Investment Management Corp. purchased a new position in Research Solutions during the 1st quarter valued at about $754,000. Navalign LLC grew its position in Research Solutions by 154.7% during the first quarter. Navalign LLC now owns 251,126 shares of the company’s stock valued at $568,000 after purchasing an additional 152,546 shares in the last quarter. Finally, BlackRock Inc. acquired a new position in Research Solutions in the 2nd quarter worth about $332,000. Institutional investors own 33.60% of the company’s stock.

About Research Solutions

Research Solutions, Inc (NASDAQ: RSSS) provides cloud-based workflow solutions that help organizations discover, access, manage and share scientific, technical and medical information. Its platform is designed to support research teams that rely on a large volume of published literature and other specialized content.

The company’s products include Article Galaxy, a digital research and document-delivery platform, and related services operated through its Research Solutions and Reprints Desk businesses.