Research Solutions Inc. (NASDAQ:RSSS) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Research Solutions Inc. (NASDAQ:RSSS) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $3.83.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th.

Research Solutions Stock Performance

Shares of RSSS opened at $2.12 on Friday. The stock has a 50-day simple moving average of $2.18 and a 200-day simple moving average of $2.29. The stock has a market capitalization of $70.91 million, a PE ratio of 23.56 and a beta of 0.75. Research Solutions has a 1 year low of $1.92 and a 1 year high of $3.95.

Research Solutions (NASDAQ:RSSS) last released its earnings results on Wednesday, September 9th. The company reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.02). The firm had revenue of $12.08 million for the quarter, compared to analysts’ expectations of $11.95 million. Research Solutions had a return on equity of 15.55% and a net margin of 5.84%. Analysts predict that Research Solutions will post 0.1 EPS for the current year.

Institutional Investors Weigh In On Research Solutions

Several institutional investors have recently modified their holdings of the company. NewEdge Advisors LLC acquired a new position in Research Solutions during the second quarter worth approximately $60,000. Needham Investment Management LLC lifted its stake in Research Solutions by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock valued at $9,246,000 after buying an additional 45,000 shares during the last quarter. Dynamic Advisor Solutions LLC boosted its holdings in shares of Research Solutions by 15.1% in the second quarter. Dynamic Advisor Solutions LLC now owns 365,599 shares of the company’s stock valued at $848,000 after acquiring an additional 47,907 shares during the period. Punch & Associates Investment Management Inc. boosted its holdings in shares of Research Solutions by 2.1% in the first 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 period. Finally, Hillsdale Investment Management Inc. purchased a new position in shares of Research Solutions during the fourth quarter worth approximately $288,000. 33.60% of the stock is owned by hedge funds and other institutional investors.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ: RSSS) provides cloud-based workflow solutions that help organizations discover, access, manage and share scientific, technical and medical information. Its platform is designed to support research teams that rely on a large volume of published literature and other specialized content.

The company’s products include Article Galaxy, a digital research and document-delivery platform, and related services operated through its Research Solutions and Reprints Desk businesses.