Research Solutions’ (RSSS) “Sell (D-)” Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their sell (d-) rating on shares of Research Solutions (NASDAQ:RSSS) in a research report report published on Wednesday morning,Weiss Ratings reports.

Separately, Roth Capital raised their price objective on shares of Research Solutions from $4.35 to $5.00 and gave the stock a “buy” rating in a research report on Friday, September 19th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $5.00.

Research Solutions Stock Down 1.4%

Shares of NASDAQ RSSS opened at $3.41 on Wednesday. The firm has a 50-day simple moving average of $3.25 and a 200-day simple moving average of $2.93. The stock has a market capitalization of $111.92 million, a price-to-earnings ratio of 113.70, a price-to-earnings-growth ratio of 3.84 and a beta of 0.66. Research Solutions has a 52 week low of $2.32 and a 52 week high of $4.24.

Research Solutions (NASDAQ:RSSS) last issued its earnings results on Thursday, September 18th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. The business had revenue of $12.44 million during the quarter, compared to analysts’ expectations of $12.51 million. Research Solutions had a net margin of 2.58% and a return on equity of 10.32%. During the same period in the prior year, the business earned ($0.08) earnings per share. As a group, equities research analysts expect that Research Solutions will post 0.05 EPS for the current year.

Institutional Investors Weigh In On Research Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of RSSS. Needham Investment Management LLC increased its position in Research Solutions by 1.7% during the first quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company’s stock worth $7,618,000 after purchasing an additional 50,000 shares during the last quarter. Topline Capital Management LLC purchased a new stake in shares of Research Solutions in the 2nd quarter valued at approximately $125,000. Acadian Asset Management LLC lifted its holdings in shares of Research Solutions by 83.7% in the 1st quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock worth $225,000 after acquiring an additional 39,789 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its holdings in shares of Research Solutions by 1.6% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,367,771 shares of the company’s stock worth $6,156,000 after acquiring an additional 37,651 shares during the last quarter. Finally, NewEdge Advisors LLC acquired a new position in shares of Research Solutions in the 1st quarter worth approximately $71,000. 33.60% of the stock is currently owned by institutional investors and hedge funds.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.