Research Solutions (NASDAQ:RSSS) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Research Solutions (NASDAQ:RSSS) issued its quarterly earnings data on Thursday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01), Zacks reports. Research Solutions had a return on equity of 10.37% and a net margin of 2.73%.

Research Solutions Price Performance

RSSS stock traded up $0.01 during midday trading on Thursday, hitting $2.52. The company’s stock had a trading volume of 44,952 shares, compared to its average volume of 55,297. Research Solutions has a twelve month low of $2.32 and a twelve month high of $4.12. The company’s fifty day moving average price is $2.85 and its 200 day moving average price is $3.06. The stock has a market capitalization of $82.82 million, a P/E ratio of 84.00 and a beta of 0.75.

Institutional Trading of Research Solutions

A number of hedge funds and other institutional investors have recently modified their holdings of RSSS. Dimensional Fund Advisors LP raised its holdings in Research Solutions by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock worth $252,000 after acquiring an additional 3,918 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after purchasing an additional 6,729 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Research Solutions by 5.7% during the 4th quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock worth $642,000 after purchasing an additional 11,756 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in shares of Research Solutions in the 1st quarter valued at approximately $71,000. Finally, Acadian Asset Management LLC boosted its holdings in shares of Research Solutions by 83.7% in the 1st quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock valued at $225,000 after buying an additional 39,789 shares during the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the company. Wall Street Zen upgraded Research Solutions from a “buy” rating to a “strong-buy” rating in a report on Saturday, December 13th. Zacks Research lowered shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings lowered shares of Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. Finally, Roth Mkm reissued a “buy” rating and issued a $5.00 price target on shares of Research Solutions in a research note on Friday, November 14th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $5.00.

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.