John Civantos Acquires 6,158 Shares of System1, Inc. (NYSE:SST) Stock

System1, Inc. (NYSE:SST) Director John Civantos bought 6,158 shares of the business’s stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average price of $4.01 per share, with a total value of $24,693.58. Following the completion of the transaction, the director now directly owns 55,613 shares of the company’s stock, valued at $223,008.13. This trade represents a 12.45% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

John Civantos also recently made the following trade(s):

• On Thursday, June 12th, John Civantos purchased 18,842 shares of System1 stock. The stock was purchased at an average price of $3.89 per share, with a total value of $73,295.38.

System1 Stock Performance

SST opened at $6.08 on Thursday. The firm has a market cap of $57.04 million, a P/E ratio of -0.54 and a beta of 1.20. System1, Inc. has a 1-year low of $2.90 and a 1-year high of $15.70. The company has a 50 day simple moving average of $4.00 and a two-hundred day simple moving average of $5.74. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.27 and a quick ratio of 1.27.

System1 (NYSE:SST) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($2.10) earnings per share for the quarter. System1 had a negative return on equity of 83.18% and a negative net margin of 23.99%. The firm had revenue of $74.51 million during the quarter.

Hedge Funds Weigh In On System1

Hedge funds have recently modified their holdings of the stock. Prudential Financial Inc. purchased a new position in shares of System1 in the fourth quarter worth $45,000. Deutsche Bank AG lifted its holdings in shares of System1 by 383.2% in the fourth quarter. Deutsche Bank AG now owns 146,110 shares of the company’s stock worth $131,000 after buying an additional 115,870 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of System1 by 160.5% in the fourth quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company’s stock worth $80,000 after buying an additional 54,551 shares in the last quarter. Finally, Ancora Advisors LLC purchased a new position in shares of System1 in the fourth quarter worth $175,000. Hedge funds and other institutional investors own 87.50% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Benchmark reiterated a “buy” rating and issued a $50.00 price target on shares of System1 in a research report on Tuesday, March 11th.

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.