Research Solutions Inc. (NASDAQ:RSSS) Stock Has Average Target Price of $3.83 According to Brokerages

Shares of Research Solutions Inc. (NASDAQ:RSSS) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $3.83.

Separately, Weiss Ratings cut Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, October 9th.

Hedge Funds Weigh In On Research Solutions

A number of hedge funds have recently made changes to their positions in RSSS. NewEdge Advisors LLC acquired a new position in shares of Research Solutions in the 2nd quarter valued at $60,000. Dynamic Advisor Solutions LLC boosted its position in shares of 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 acquiring an additional 47,907 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of 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 acquiring an additional 53,145 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Research Solutions during the 2nd quarter valued at about $332,000. Finally, Navalign LLC boosted its position in shares of Research Solutions by 154.7% during the 1st quarter. Navalign LLC now owns 251,126 shares of the company’s stock valued at $568,000 after acquiring an additional 152,546 shares in the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Research Solutions Trading Down 0.3%

Shares of NASDAQ:RSSS opened at $1.96 on Thursday. Research Solutions has a 1-year low of $1.90 and a 1-year high of $3.54. The firm has a market capitalization of $66.17 million, a PE ratio of 21.78 and a beta of 0.77. The business’s 50 day moving average is $2.14 and its 200-day moving average is $2.26.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $12.08 million for the quarter, compared to the consensus estimate of $11.95 million. Research Solutions had a net margin of 5.84% and a return on equity of 15.55%. On average, sell-side analysts predict that Research Solutions will post 0.10 EPS for the current year.

About Research Solutions

Research Solutions, Inc is a technology company that provides digital tools and marketplaces for the life sciences research industry. Its platforms are designed to help scientists discover, evaluate and procure research products, services and external laboratory capabilities.

The company’s offerings include Scientist.com, a research marketplace that connects pharmaceutical, biotechnology, academic and government organizations with suppliers and contract research providers. The platform supports the sourcing and management of outsourced research activities, including laboratory services, testing and other specialized scientific capabilities.

Research Solutions also operates Bioz, a search and discovery platform that helps researchers identify scientific products and assess their use in published research.