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

Research Solutions Inc. (NASDAQ:RSSS) has been given an average rating of “Moderate Buy” by the five brokerages that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $3.83.

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Research Solutions in a research note on Wednesday, August 12th.

Institutional Trading of Research Solutions

Several hedge funds have recently modified their holdings of the company. NewEdge Advisors LLC purchased a new position in shares of Research Solutions in the second quarter valued at $60,000. Needham Investment Management LLC increased its position in Research Solutions by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock worth $9,246,000 after purchasing an additional 45,000 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in Research Solutions by 15.1% during the second quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock valued at $848,000 after purchasing an additional 47,907 shares in the last quarter. Punch & Associates Investment Management Inc. raised its stake in Research Solutions by 2.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 2,552,455 shares of the company’s stock valued at $5,769,000 after purchasing an additional 53,145 shares in the last quarter. Finally, Hillsdale Investment Management Inc. purchased a new stake in Research Solutions during the fourth quarter valued at $288,000. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Stock Performance

Shares of NASDAQ RSSS opened at $2.11 on Friday. The company has a market cap of $70.58 million, a P/E ratio of 23.45 and a beta of 0.75. Research Solutions has a 52-week low of $1.92 and a 52-week high of $3.94. The firm’s fifty day moving average is $2.18 and its two-hundred day moving average is $2.29.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02). The company 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%. As a group, analysts forecast that Research Solutions will post 0.1 EPS for the current fiscal year.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ: RSSS) provides cloud-based workflow solutions that help organizations discover, access, manage and share scientific, technical and medical information. Its platform is designed to support research teams that rely on a large volume of published literature and other specialized content.

The company’s products include Article Galaxy, a digital research and document-delivery platform, and related services operated through its Research Solutions and Reprints Desk businesses.