Research Solutions (NASDAQ:RSSS) Price Target Raised to $6.00

Research Solutions (NASDAQ:RSSS) had its price objective increased by analysts at Maxim Group from $5.00 to $6.00 in a research note issued to investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price objective suggests a potential upside of 104.78% from the stock’s current price.

Separately, Lake Street Capital started coverage on Research Solutions in a research note on Tuesday, April 23rd. They set a “buy” rating and a $5.00 price objective for the company.

Research Solutions Price Performance

Shares of Research Solutions stock traded up $0.10 during trading hours on Friday, reaching $2.93. The company had a trading volume of 225,411 shares, compared to its average volume of 58,574. Research Solutions has a one year low of $1.80 and a one year high of $3.50. The firm has a market cap of $95.58 million, a PE ratio of -144.00 and a beta of 0.62. The business has a fifty day simple moving average of $3.07 and a 200 day simple moving average of $2.77.

Insider Buying and Selling at Research Solutions

In related news, major shareholder Peter Derycz sold 40,402 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.87, for a total transaction of $115,953.74. Following the transaction, the insider now owns 2,984,680 shares of the company’s stock, valued at approximately $8,566,031.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 26.47% of the company’s stock.

Institutional Investors Weigh In On Research Solutions

Institutional investors have recently added to or reduced their stakes in the company. Cove Street Capital LLC grew its stake in shares of Research Solutions by 50.9% in the third quarter. Cove Street Capital LLC now owns 3,557,847 shares of the company’s stock worth $8,147,000 after acquiring an additional 1,200,350 shares during the last quarter. First Dallas Securities Inc. bought a new stake in shares of Research Solutions during the 3rd quarter valued at $387,000. Oppenheimer Asset Management Inc. lifted its stake in shares of Research Solutions by 5.1% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 103,304 shares of the company’s stock valued at $258,000 after buying an additional 4,977 shares in the last quarter. Ridgewood Investments LLC lifted its holdings in shares of Research Solutions by 8.1% in the fourth quarter. Ridgewood Investments LLC now owns 124,937 shares of the company’s stock worth $325,000 after buying an additional 9,400 shares in the last quarter. Finally, Kestra Private Wealth Services LLC purchased a new stake in Research Solutions during the third quarter valued at $61,000. Hedge funds and other institutional investors own 33.60% of the company’s stock.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.