System1 (NYSE:SST) Shares Down 0.4% – Here’s What Happened

System1, Inc. (NYSE:SST)’s share price was down 0.4% during mid-day trading on Thursday . The stock traded as low as $7.58 and last traded at $7.86. Approximately 6,376 shares traded hands during trading, a decline of 80% from the average daily volume of 31,887 shares. The stock had previously closed at $7.89.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on SST shares. Benchmark lifted their price objective on shares of System1 from $5.00 to $10.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Wall Street Zen raised shares of System1 to a “hold” rating in a research note on Saturday, July 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of System1 in a research note on Wednesday. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $10.00.

System1 Trading Down 0.4%

The stock’s 50 day moving average is $7.24 and its two-hundred day moving average is $5.68. The company has a market capitalization of $77.97 million, a PE ratio of -0.82 and a beta of 1.43. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 4.52.

System1 (NYSE:SST) last announced its earnings results on Thursday, August 7th. The company reported ($2.23) EPS for the quarter. The firm had revenue of $78.11 million during the quarter. System1 had a negative return on equity of 92.07% and a negative net margin of 22.43%.

Insider Buying and Selling

In other news, major shareholder Cee Holdings Trust bought 12,584 shares of System1 stock in a transaction on Wednesday, August 20th. The stock was acquired at an average cost of $6.25 per share, for a total transaction of $78,650.00. Following the completion of the acquisition, the insider owned 895,956 shares of the company’s stock, valued at $5,599,725. This trade represents a 1.42% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought 30,166 shares of company stock valued at $200,783 in the last ninety days. Insiders own 13.20% of the company’s stock.

Hedge Funds Weigh In On System1

An institutional investor recently raised its position in System1 stock. BNP Paribas Financial Markets grew its stake in shares of System1, Inc. (NYSE:SST) by 125.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,511 shares of the company’s stock after acquiring an additional 2,513 shares during the quarter. BNP Paribas Financial Markets’ holdings in System1 were worth $25,000 as of its most recent SEC filing. Institutional investors and hedge funds own 87.50% of the company’s stock.

System1 Company Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.