System1, Inc. (NYSE:SST) Major Shareholder Sells $7,162,500.00 in Stock

System1, Inc. (NYSE:SST) major shareholder Lone Star Friends Trust sold 4,775,000 shares of the firm’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1.50, for a total transaction of $7,162,500.00. Following the completion of the sale, the insider now owns 956,423 shares of the company’s stock, valued at approximately $1,434,634.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

System1 Trading Down 0.7 %

SST stock opened at $1.39 on Thursday. The company has a market capitalization of $125.25 million, a PE ratio of -0.61 and a beta of 1.32. System1, Inc. has a 12 month low of $1.04 and a 12 month high of $4.67. The firm’s 50-day moving average is $1.57 and its 200 day moving average is $1.77. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.79 and a quick ratio of 1.79.

System1 (NYSE:SST) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.45) EPS for the quarter. The company had revenue of $84.92 million during the quarter. System1 had a negative return on equity of 42.08% and a negative net margin of 49.23%.

Analysts Set New Price Targets

Separately, Evercore ISI lowered their target price on shares of System1 from $3.00 to $2.00 and set an “in-line” rating for the company in a report on Tuesday, March 19th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in System1 stock. Arbor Trust Wealth Advisors LLC raised its holdings in shares of System1, Inc. (NYSE:SST) by 91.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 20,950 shares of the company’s stock after purchasing an additional 10,000 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in System1 were worth $47,000 at the end of the most recent reporting period. Institutional investors own 87.50% of the company’s stock.

System1 Company Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.