Research Solutions (NASDAQ:RSSS) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Research Solutions (NASDAQ:RSSS) released its quarterly earnings data on Wednesday. The company reported $0.02 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02), FiscalAI reports. The business had revenue of $12.08 million during the quarter, compared to analyst estimates of $11.95 million. Research Solutions had a net margin of 9.28% and a return on equity of 27.45%.

Research Solutions Stock Performance

RSSS stock traded down $0.04 during mid-day trading on Wednesday, reaching $2.14. The company had a trading volume of 61,766 shares, compared to its average volume of 58,234. The company has a market capitalization of $71.58 million, a price-to-earnings ratio of 15.29 and a beta of 0.75. The firm has a fifty day simple moving average of $2.23 and a 200 day simple moving average of $2.31. Research Solutions has a fifty-two week low of $2.00 and a fifty-two week high of $4.12.

Institutional Trading of Research Solutions

A number of large investors have recently made changes to their positions in RSSS. NewEdge Advisors LLC acquired a new stake in Research Solutions in the first quarter valued at approximately $71,000. Acadian Asset Management LLC increased its position 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 purchasing an additional 39,789 shares during the last quarter. Topline Capital Management LLC acquired a new stake in shares of Research Solutions in the 2nd quarter valued at $125,000. Vanguard Group Inc. raised its holdings in shares of Research Solutions by 3.5% in the 3rd quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after purchasing an additional 42,066 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of Research Solutions by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock worth $252,000 after purchasing an additional 3,918 shares during the last quarter. 33.60% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

RSSS has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c-)” rating on shares of Research Solutions in a research report on Wednesday, August 12th. Lake Street Capital lowered their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Monday, May 18th. Roth Capital restated a “buy” rating and set a $3.50 price target on shares of Research Solutions in a research note on Friday, May 15th. Finally, Maxim Group lowered their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Research Solutions currently has an average rating of “Moderate Buy” and an average price target of $3.83.

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.