System1 (NYSE:SST) Issues Earnings Results

System1 (NYSE:SST) posted its quarterly earnings data on Thursday. The company reported ($6.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.30) by ($4.77), FiscalAI reports. System1 had a negative return on equity of 439.90% and a negative net margin of 50.66%. The company had revenue of $25.95 million for the quarter.

System1 Stock Performance

Shares of NYSE SST traded down $0.76 during trading on Friday, reaching $0.91. The stock had a trading volume of 1,119,958 shares, compared to its average volume of 1,154,864. The company has a market cap of $9.55 million, a P/E ratio of -0.08 and a beta of 1.69. System1 has a fifty-two week low of $0.60 and a fifty-two week high of $5.80. The business’s 50-day moving average price is $2.55 and its 200-day moving average price is $2.72.

Institutional Inflows and Outflows

A hedge fund recently raised its position in System1 stock. Crescent Grove Advisors LLC lifted its position in shares of System1, Inc. (NYSE:SST) by 398.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 376,737 shares of the company’s stock after purchasing an additional 301,192 shares during the period. Crescent Grove Advisors LLC owned about 3.59% of System1 worth $987,000 at the end of the most recent reporting period. 87.50% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SST has been the subject of several research reports. Wall Street Zen raised shares of System1 to a “sell” rating in a research note on Saturday, September 26th. Zacks Research raised shares of System1 to a “hold” rating in a research note on Thursday, October 1st. Benchmark lowered their target price on System1 from $8.00 to $6.50 and set a “buy” rating on the stock in a report on Thursday, August 6th. Finally, Weiss Ratings cut System1 from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, September 3rd. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $6.50.

System1 Company Profile

System1, Inc. (NYSE:SST) is a technology and digital marketing company that operates a customer acquisition platform. Its proprietary Responsive Acquisition Marketing Platform (RAMP) uses data science, machine learning and performance marketing technology to help advertisers and distribution partners acquire and monetize users across digital channels. The company operates through partner-based and owned-and-operated activities. Through its partner network, System1 provides marketing services and technology that connect consumers with products and services, including search, subscription, lead-generation and other online offerings.