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

Research Solutions Inc. (NASDAQ:RSSS) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $3.8333.

Several equities research analysts have issued reports on RSSS shares. 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. Roth Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of Research Solutions in a report on Friday, May 15th. Maxim Group dropped their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Weiss Ratings cut shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 15th.

Research Solutions Stock Down 0.9%

RSSS opened at $2.20 on Friday. Research Solutions has a 12-month low of $2.00 and a 12-month high of $4.12. The stock has a market cap of $73.59 million, a price-to-earnings ratio of 15.72 and a beta of 0.74. The business has a 50 day moving average of $2.25 and a 200-day moving average of $2.41.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its position in Research Solutions by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock worth $252,000 after acquiring an additional 3,918 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Research Solutions by 18.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after purchasing an additional 6,729 shares during the last quarter. Renaissance Technologies LLC grew its position in shares of Research Solutions by 5.7% in the fourth quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $642,000 after purchasing an additional 11,756 shares during the last quarter. Jane Street Group LLC increased its stake in shares of Research Solutions by 148.6% during the fourth quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after purchasing an additional 15,438 shares during the period. Finally, XTX Topco Ltd bought a new position in shares of Research Solutions during the fourth quarter worth approximately $65,000. 33.60% of the stock is owned by institutional investors.

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.