Cannae Holdings Inc. Sells 2,344,482 Shares of System1, Inc. $SST

Cannae Holdings Inc. cut its position in shares of System1, Inc. (NYSE:SST) by 86.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 356,797 shares of the company’s stock after selling 2,344,482 shares during the quarter. System1 accounts for 1.7% of Cannae Holdings Inc.’s portfolio, making the stock its 2nd largest position. Cannae Holdings Inc.’s holdings in System1 were worth $1,399,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Citadel Advisors LLC purchased a new position in shares of System1 in the third quarter worth approximately $71,000. Institutional investors and hedge funds own 87.50% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of System1 in a research report on Wednesday, January 21st. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, System1 has a consensus rating of “Hold” and a consensus price target of $10.00.

System1 Stock Down 11.5%

NYSE:SST opened at $1.51 on Friday. The business’s fifty day moving average price is $3.48 and its 200 day moving average price is $4.96. The firm has a market capitalization of $15.05 million, a price-to-earnings ratio of -0.18 and a beta of 1.56. The company has a current ratio of 1.02, a quick ratio of 1.02 and a debt-to-equity ratio of 13.11. System1, Inc. has a 1-year low of $1.48 and a 1-year high of $15.00.

System1 (NYSE:SST) last announced its quarterly earnings data on Wednesday, March 11th. The company reported ($1.65) EPS for the quarter. System1 had a negative return on equity of 163.44% and a negative net margin of 24.55%.The business had revenue of $51.94 million for the quarter.

System1 Company Profile

System1, Inc (NYSE: SST) is a technology-driven marketing company that leverages machine learning and first-party consumer intent data to connect advertisers with potential customers. Headquartered in Venice, California, System1 focuses on developing automated, data-powered solutions to drive performance marketing across digital channels. The company’s platform captures real-time consumer insights and applies predictive analytics to optimize ad delivery and improve campaign efficiency.

The business operates through two primary segments: Consumer Acquisition and Consumer Research.