Research Solutions Inc. (RSSS) – What Are Brokerages Saying About This Stock?

Shares of Research Solutions Inc. (NASDAQ:RSSS) have been given an average recommendation of “Hold” by the five brokerages that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $3.83.

Separately, Weiss Ratings cut shares of Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 9th.

Research Solutions Stock Performance

RSSS opened at $2.00 on Thursday. Research Solutions has a one year low of $1.90 and a one year high of $3.54. The company has a market cap of $67.52 million, a P/E ratio of 22.22 and a beta of 0.77. The business’s 50-day simple moving average is $2.13 and its 200-day simple moving average is $2.26.

Research Solutions (NASDAQ:RSSS) last posted 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 business had revenue of $12.08 million for the quarter, compared to analysts’ expectations of $11.95 million. Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. As a group, analysts predict that Research Solutions will post 0.10 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC purchased a new stake in shares of Research Solutions in the second quarter valued at about $60,000. Dynamic Advisor Solutions LLC boosted its stake in shares of Research Solutions by 15.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock worth $848,000 after buying an additional 47,907 shares during the period. Punch & Associates Investment Management Inc. grew its holdings in shares of Research Solutions by 2.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,552,455 shares of the company’s stock worth $5,769,000 after buying an additional 53,145 shares during the last quarter. BlackRock Inc. purchased a new position in shares of Research Solutions during the second quarter worth about $332,000. Finally, Navalign LLC grew its holdings in shares of Research Solutions by 154.7% during the first quarter. Navalign LLC now owns 251,126 shares of the company’s stock worth $568,000 after buying an additional 152,546 shares during the last quarter. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Company Profile

Research Solutions, Inc is a technology company that provides digital tools and marketplaces for the life sciences research industry. Its platforms are designed to help scientists discover, evaluate and procure research products, services and external laboratory capabilities.

The company’s offerings include Scientist.com, a research marketplace that connects pharmaceutical, biotechnology, academic and government organizations with suppliers and contract research providers. The platform supports the sourcing and management of outsourced research activities, including laboratory services, testing and other specialized scientific capabilities.

Research Solutions also operates Bioz, a search and discovery platform that helps researchers identify scientific products and assess their use in published research.