Research Solutions (NASDAQ:RSSS) Downgraded to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Research Solutions (NASDAQ:RSSS) from a strong-buy rating to a hold rating in a research note released on Monday morning,Zacks.com reports.

RSSS has been the subject of several other reports. Wall Street Zen upgraded Research Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Roth Capital reaffirmed a “buy” rating and set a $5.00 price target on shares of Research Solutions in a report on Friday, November 14th. Finally, Weiss Ratings lowered Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Research Solutions currently has a consensus rating of “Hold” and an average target price of $5.00.

Research Solutions Stock Up 0.5%

Shares of NASDAQ RSSS traded up $0.02 during trading hours on Monday, hitting $2.86. The company had a trading volume of 7,529 shares, compared to its average volume of 40,614. The stock has a market capitalization of $93.84 million, a P/E ratio of 95.17 and a beta of 0.73. Research Solutions has a 1-year low of $2.32 and a 1-year high of $4.12. The firm’s 50 day moving average is $2.95 and its 200-day moving average is $3.07.

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

Institutional Investors Weigh In On Research Solutions

Large investors have recently modified their holdings of the company. Dynamic Advisor Solutions LLC lifted its holdings in Research Solutions by 4.9% in the fourth quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock valued at $851,000 after buying an additional 13,483 shares during the period. Punch & Associates Investment Management Inc. raised its position 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 worth $9,322,000 after acquiring an additional 81,210 shares in the last quarter. Ashford Capital Management Inc. bought a new position in shares of Research Solutions in the 3rd quarter worth about $186,000. Topline Capital Management LLC lifted its stake in shares of Research Solutions by 461.4% in the 3rd quarter. Topline Capital Management LLC now owns 244,928 shares of the company’s stock valued at $914,000 after purchasing an additional 201,299 shares during the period. Finally, Navalign LLC bought a new stake in shares of Research Solutions during the 3rd quarter valued at about $536,000. 33.60% of the stock is currently owned by institutional investors and hedge funds.

About Research Solutions

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.