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

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

Research Solutions Price Performance

Shares of RSSS traded up $0.01 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. The company has a market capitalization of $82.82 million, a PE ratio of 84.00 and a beta of 0.75. Research Solutions has a fifty-two week low of $2.32 and a fifty-two week high of $4.12. The company has a 50 day moving average price of $2.85 and a 200 day moving average price of $3.06.

Hedge Funds Weigh In On Research Solutions

Institutional investors and hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its stake in shares of Research Solutions by 6.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after purchasing an additional 3,918 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Research Solutions by 18.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after buying an additional 6,729 shares during the last quarter. Renaissance Technologies LLC grew its position 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 buying an additional 11,756 shares during the period. NewEdge Advisors LLC bought a new stake in shares of Research Solutions in the 1st quarter valued at about $71,000. Finally, Acadian Asset Management LLC raised 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 acquiring an additional 39,789 shares during the period. Institutional investors and hedge funds own 33.60% of the company’s stock.

Wall Street Analyst Weigh In

RSSS has been the subject of a number of recent research reports. Wall Street Zen upgraded Research Solutions from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 13th. Roth Mkm restated a “buy” rating and issued a $5.00 price objective on shares of Research Solutions in a research note on Friday, November 14th. Zacks Research cut shares of Research Solutions from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings cut shares of Research Solutions from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Monday, January 12th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $5.00.

Research Solutions Company Profile

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.