Wall Street Zen Upgrades Research Solutions (NASDAQ:RSSS) to “Strong-Buy”

Research Solutions (NASDAQ:RSSS) was upgraded by Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other equities research analysts have also recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Research Solutions in a research note on Monday, December 8th. Roth Capital reissued a “buy” rating and set a $5.00 target price on shares of Research Solutions in a research report on Friday, November 14th. Finally, Zacks Research upgraded shares of Research Solutions from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $5.00.

Research Solutions Stock Performance

RSSS stock opened at $2.98 on Friday. The company has a market capitalization of $97.95 million, a P/E ratio of 99.33, a PEG ratio of 2.84 and a beta of 0.72. The company has a fifty day moving average price of $3.14 and a 200-day moving average price of $3.06. Research Solutions has a 52-week low of $2.32 and a 52-week high of $4.24.

Research Solutions (NASDAQ:RSSS) last posted its quarterly earnings data on Thursday, November 13th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.01). The company had revenue of $12.31 million during the quarter, compared to analyst estimates of $12.29 million. Research Solutions had a net margin of 2.73% and a return on equity of 10.37%. As a group, sell-side analysts forecast that Research Solutions will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of Research Solutions

Several large investors have recently modified their holdings of the stock. Punch & Associates Investment Management Inc. increased its stake in shares of Research Solutions by 3.4% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 2,499,310 shares of the company’s stock valued at $9,322,000 after acquiring an additional 81,210 shares in the last quarter. Ashford Capital Management Inc. acquired a new stake in Research Solutions in the third quarter worth $186,000. Topline Capital Management LLC grew its holdings in Research Solutions by 461.4% in the third quarter. Topline Capital Management LLC now owns 244,928 shares of the company’s stock worth $914,000 after purchasing an additional 201,299 shares during the period. Navalign LLC bought a new stake in Research Solutions in the third quarter valued at $536,000. Finally, Heron Bay Capital Management raised its holdings in shares of Research Solutions by 230.7% during the third quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after purchasing an additional 30,212 shares during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

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.