Research Solutions Inc. (NASDAQ:RSSS) Stock Has Consensus Price Target of $3.83

Shares of Research Solutions Inc. (NASDAQ:RSSS) have been assigned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $3.83.

Separately, Weiss Ratings upgraded shares of Research Solutions from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday, October 28th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Punch & Associates Investment Management Inc. acquired a new position in shares of Research Solutions during the second quarter valued at about $5,922,000. Bard Associates Inc. acquired a new stake in Research Solutions during the second quarter worth about $1,413,000. North Star Investment Management Corp. increased its stake in Research Solutions by 14.8% during the third quarter. North Star Investment Management Corp. now owns 410,000 shares of the company’s stock valued at $886,000 after acquiring an additional 53,000 shares during the period. NewEdge Advisors LLC bought a new position in Research Solutions during the second quarter valued at about $60,000. Finally, BlackRock Inc. acquired a new position in Research Solutions in the 2nd quarter valued at approximately $332,000. Institutional investors own 33.60% of the company’s stock.

Research Solutions Price Performance

RSSS opened at $1.82 on Monday. The stock’s 50 day moving average price is $2.04 and its two-hundred day moving average price is $2.29. The firm has a market capitalization of $61.45 million, a P/E ratio of 20.22 and a beta of 0.84. Research Solutions has a 12-month low of $1.77 and a 12-month high of $3.38.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings results on Wednesday, September 9th. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. The business had revenue of $12.08 million for the quarter, compared to analyst estimates of $11.95 million. As a group, analysts anticipate that Research Solutions will post 0.10 earnings per share for the current year.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ: RSSS) provides cloud-based research intelligence solutions for organizations that rely on scientific, technical and medical information. Its offerings are designed to help users discover, access, organize and evaluate research content as part of their daily workflows.

The company’s product portfolio includes Article Galaxy, a platform that provides access to full-text scholarly articles, patents and other research materials, as well as tools intended to streamline document retrieval, literature review and collaboration.