Zacks Research Upgrades Research Solutions (NASDAQ:RSSS) to “Strong-Buy”

Research Solutions (NASDAQ:RSSS) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Several other analysts have also recently issued reports on the company. Roth Capital reaffirmed a “buy” rating and set a $5.00 price objective on shares of Research Solutions in a report on Friday, November 14th. Weiss Ratings upgraded shares of Research Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a report on Monday. Finally, Wall Street Zen lowered shares of Research Solutions from a “strong-buy” rating to a “buy” rating in a report on Saturday, November 15th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $5.00.

Research Solutions Trading Up 14.4%

Shares of NASDAQ:RSSS traded up $0.39 during midday trading on Thursday, reaching $3.09. 201,699 shares of the company were exchanged, compared to its average volume of 91,067. The stock has a market cap of $101.56 million, a PE ratio of 103.03, a price-to-earnings-growth ratio of 3.69 and a beta of 0.66. The business’s fifty day moving average is $3.36 and its two-hundred day moving average is $3.04. Research Solutions has a one year low of $2.32 and a one year high of $4.24.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). Research Solutions had a net margin of 2.58% and a return on equity of 10.32%. The company had revenue of $12.31 million for the quarter, compared to the consensus estimate of $12.29 million. As a group, sell-side analysts expect that Research Solutions will post 0.05 EPS for the current year.

Institutional Trading of Research Solutions

A number of hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in shares of Research Solutions by 6.1% in the 3rd 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 in the last quarter. Hodges Capital Management Inc. boosted its holdings in shares of Research Solutions by 4.2% in the 3rd quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after buying an additional 7,500 shares in the last quarter. Evernest Financial Advisors LLC acquired a new position in Research Solutions during the second quarter valued at $35,000. NewEdge Advisors LLC acquired a new stake in Research Solutions during the 1st quarter worth about $71,000. Finally, Heron Bay Capital Management raised its stake in shares of Research Solutions by 230.7% during the 3rd quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after buying an additional 30,212 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

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.