Research Solutions (NASDAQ:RSSS) Rating Lowered to “Buy” at Wall Street Zen

Research Solutions (NASDAQ:RSSS) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research note issued on Saturday.

A number of other brokerages have also recently issued reports on RSSS. Roth Capital reissued a “buy” rating and set a $5.00 price objective on shares of Research Solutions in a report on Friday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Research Solutions in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $5.00.

Research Solutions Trading Up 2.9%

Research Solutions stock opened at $3.20 on Friday. The company has a market capitalization of $105.03 million, a PE ratio of 106.70, a P/E/G ratio of 3.69 and a beta of 0.66. Research Solutions has a 12 month low of $2.32 and a 12 month high of $4.24. The stock has a 50-day moving average price of $3.40 and a two-hundred day moving average price of $3.05.

Research Solutions (NASDAQ:RSSS) last announced its quarterly earnings results on Thursday, September 18th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.03 by $0.04. Research Solutions had a net margin of 2.58% and a return on equity of 10.32%. The company had revenue of $12.44 million for the quarter, compared to analysts’ expectations of $12.51 million. During the same period in the prior year, the company posted ($0.08) EPS. As a group, analysts predict that Research Solutions will post 0.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Research Solutions

Several institutional investors have recently modified their holdings of the company. Evernest Financial Advisors LLC bought a new stake in Research Solutions in the second quarter valued at approximately $35,000. Needham Investment Management LLC raised its holdings in Research Solutions by 1.7% during the 1st quarter. Needham Investment Management LLC now owns 2,930,000 shares of the company’s stock valued at $7,618,000 after buying an additional 50,000 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its position in Research Solutions by 1.6% during the 1st quarter. Punch & Associates Investment Management Inc. now owns 2,367,771 shares of the company’s stock valued at $6,156,000 after buying an additional 37,651 shares during the period. Vanguard Group Inc. boosted its position in Research Solutions by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after buying an additional 42,066 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Research Solutions by 6.1% in the third quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after acquiring an additional 3,918 shares during the period. 33.60% of the stock is currently owned by institutional investors.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.