Analysts Set Research Solutions Inc. (NASDAQ:RSSS) PT at $3.83

Research Solutions Inc. (NASDAQ:RSSS) has received a consensus rating of “Moderate Buy” from the five ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have covered the stock in the last year is $3.8333.

Several equities analysts have commented on the stock. Lake Street Capital lowered their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Monday, May 18th. Weiss Ratings cut shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th. Maxim Group lowered their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Roth Mkm reissued a “buy” rating and set a $3.50 target price on shares of Research Solutions in a research note on Friday, May 15th.

Hedge Funds Weigh In On Research Solutions

Several large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Research Solutions by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after buying an additional 3,918 shares during the period. Goldman Sachs Group Inc. increased its stake in Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after buying an additional 6,729 shares during the period. Hodges Capital Management Inc. increased its stake in Research Solutions by 4.2% during the 3rd quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after buying an additional 7,500 shares during the period. Renaissance Technologies LLC increased its stake in Research Solutions by 5.7% during the 4th quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $642,000 after buying an additional 11,756 shares during the period. Finally, Dynamic Advisor Solutions LLC increased its stake in Research Solutions by 4.9% during the 4th 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. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Stock Down 0.4%

RSSS stock opened at $2.25 on Friday. 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 simple moving average is $2.38 and its 200 day simple moving average is $2.56. The stock has a market cap of $75.26 million, a PE ratio of 16.07 and a beta of 0.77.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Research Solutions had a return on equity of 27.45% and a net margin of 9.28%.The firm had revenue of $12.12 million during the quarter, compared to analyst estimates of $12.37 million. Equities analysts forecast that Research Solutions will post 0.09 EPS for the current fiscal 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.