Research Solutions Inc. (NASDAQ:RSSS) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Research Solutions Inc. (NASDAQ:RSSS) have received an average rating of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $3.75.

RSSS has been the subject of a number of analyst reports. Maxim Group reduced their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday. Weiss Ratings downgraded shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday. Roth Mkm restated a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a research note on Friday. Finally, Lake Street Capital restated a “buy” rating on shares of Research Solutions in a research report on Monday.

Institutional Trading of Research Solutions

A number of hedge funds and other institutional investors have recently made changes to their positions in RSSS. Needham Investment Management LLC increased its position in shares of Research Solutions by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock worth $9,246,000 after buying an additional 45,000 shares during the period. Punch & Associates Investment Management Inc. increased its stake in Research Solutions by 2.1% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,552,455 shares of the company’s stock valued at $5,769,000 after purchasing an additional 53,145 shares in the last quarter. Vanguard Group Inc. lifted its position in Research Solutions by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after acquiring an additional 42,066 shares in the last quarter. Rothschild Wealth LLC bought a new position in shares of Research Solutions during the 4th quarter worth approximately $1,049,000. Finally, North Star Investment Management Corp. bought a new stake in shares of Research Solutions in the 1st quarter worth approximately $754,000. 33.60% of the stock is currently owned by institutional investors and hedge funds.

Research Solutions Price Performance

NASDAQ RSSS traded down $0.36 during trading hours on Monday, hitting $2.04. The company had a trading volume of 80,094 shares, compared to its average volume of 67,828. The company has a market capitalization of $66.95 million, a price-to-earnings ratio of 14.44 and a beta of 0.82. Research Solutions has a fifty-two week low of $2.00 and a fifty-two week high of $4.12. The firm’s 50 day moving average is $2.42 and its 200 day moving average is $2.69.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). The business had revenue of $12.12 million during the quarter, compared to analysts’ expectations of $12.37 million. Research Solutions had a net margin of 9.28% and a return on equity of 28.98%. On average, equities analysts anticipate that Research Solutions will post 0.09 EPS for the current year.

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.