Research Solutions Inc. (NASDAQ:RSSS) Receives Consensus Rating of “Moderate Buy” from Analysts

Research Solutions Inc. (NASDAQ:RSSS) has been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $3.8333.

Several analysts have recently commented on RSSS shares. Roth Capital reissued a “buy” rating and set a $3.50 price target on shares of Research Solutions in a research note on Friday, May 15th. Maxim Group dropped their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th. Finally, Lake Street Capital reduced their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 18th.

Research Solutions Price Performance

Shares of NASDAQ:RSSS opened at $2.21 on Wednesday. Research Solutions has a 12 month low of $2.00 and a 12 month high of $4.12. The company’s 50-day moving average price is $2.25 and its two-hundred day moving average price is $2.33. The firm has a market cap of $73.92 million, a P/E ratio of 15.79 and a beta of 0.75.

Hedge Funds Weigh In On Research Solutions

Several large investors have recently made changes to their positions in the company. Needham Investment Management LLC boosted its holdings in Research Solutions by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock valued at $9,246,000 after acquiring an additional 45,000 shares during the last quarter. Punch & Associates Investment Management Inc. raised its holdings 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 worth $5,769,000 after purchasing an additional 53,145 shares during the last quarter. Vanguard Group Inc. raised its holdings in Research Solutions by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock worth $4,678,000 after purchasing an additional 42,066 shares during the last quarter. Bard Associates Inc. acquired a new position in Research Solutions during the 2nd quarter valued at about $1,413,000. Finally, Dynamic Advisor Solutions LLC lifted its position in Research Solutions by 15.1% during the 2nd quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock valued at $848,000 after purchasing an additional 47,907 shares during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

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.