System1 (NYSE:SST) Issues Quarterly Earnings Results

System1 (NYSE:SST) issued its quarterly earnings data on Wednesday. The company reported ($2.30) EPS for the quarter, FiscalAI reports. The business had revenue of $61.56 million during the quarter. System1 had a negative return on equity of 96.10% and a negative net margin of 22.78%.

System1 Stock Performance

SST stock traded up $0.12 during trading on Friday, hitting $4.60. 15,314 shares of the company traded hands, compared to its average volume of 68,136. System1 has a 1 year low of $2.90 and a 1 year high of $15.00. The company has a market cap of $45.61 million, a PE ratio of -0.54 and a beta of 1.44. The stock’s 50-day simple moving average is $7.25 and its 200 day simple moving average is $6.10. The company has a debt-to-equity ratio of 4.52, a current ratio of 1.18 and a quick ratio of 1.18.

Insider Buying and Selling at System1

In other news, major shareholder Cee Holdings Trust acquired 12,584 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was bought at an average price of $6.25 per share, with a total value of $78,650.00. Following the completion of the acquisition, the insider owned 895,956 shares of the company’s stock, valued at approximately $5,599,725. This represents a 1.42% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have purchased 30,166 shares of company stock worth $200,783. 13.20% of the stock is owned by insiders.

Institutional Investors Weigh In On System1

An institutional investor recently raised its position in System1 stock. BNP Paribas Financial Markets boosted its stake in shares of System1, Inc. (NYSE:SST) by 125.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,511 shares of the company’s stock after buying an additional 2,513 shares during the period. BNP Paribas Financial Markets’ holdings in System1 were worth $25,000 at the end of the most recent quarter. 87.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

About System1

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.