Research Solutions Inc. (NASDAQ:RSSS) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Research Solutions Inc. (NASDAQ:RSSS) have received an average rating of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $3.8333.

Several equities analysts have weighed in on the company. Lake Street Capital cut their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, May 18th. Weiss Ratings lowered Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Roth Capital reissued 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 cut their price objective on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, May 15th.

Research Solutions Price Performance

Shares of NASDAQ:RSSS traded up $0.01 during mid-day trading on Tuesday, reaching $2.33. 2,097 shares of the company traded hands, compared to its average volume of 68,354. The company’s 50 day moving average price is $2.33 and its 200-day moving average price is $2.49. The firm has a market cap of $78.11 million, a PE ratio of 16.68 and a beta of 0.74. Research Solutions has a 52 week low of $2.00 and a 52 week high of $4.12.

Research Solutions (NASDAQ:RSSS) last issued its earnings results on Thursday, May 14th. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01). Research Solutions had a return on equity of 27.45% and a net margin of 9.28%.The firm had revenue of $12.12 million during the quarter, compared to the consensus estimate of $12.37 million. On average, research analysts predict that Research Solutions will post 0.09 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of RSSS. Needham Investment Management LLC grew its position in Research Solutions by 1.5% during the 4th 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. Punch & Associates Investment Management Inc. boosted its holdings in shares of Research Solutions by 2.1% in the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,552,455 shares of the company’s stock valued at $5,769,000 after acquiring an additional 53,145 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Research Solutions by 3.5% in the third 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 during the last quarter. Rothschild Wealth LLC purchased a new stake in shares of Research Solutions in the fourth quarter worth about $1,049,000. Finally, North Star Investment Management Corp. acquired a new position in Research Solutions in the first quarter valued at approximately $754,000. Institutional investors own 33.60% of the company’s stock.

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.