Research Solutions (NASDAQ:RSSS) Shares Down 1.8% – Here’s Why

Research Solutions Inc. (NASDAQ:RSSS) shares dropped 1.8% on Tuesday . The company traded as low as $2.21 and last traded at $2.21. Approximately 90,786 shares traded hands during mid-day trading, a decline of 17% from the average daily volume of 109,347 shares. The stock had previously closed at $2.25.

Analyst Upgrades and Downgrades

RSSS has been the topic of a number of analyst reports. Weiss Ratings lowered shares of Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Lake Street Capital lowered their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Roth Mkm restated a “buy” rating and issued a $3.50 target price on shares of Research Solutions in a report on Friday, May 15th. Finally, Maxim Group lowered their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, Research Solutions has a consensus rating of “Moderate Buy” and an average target price of $3.83.

Research Solutions Trading Down 1.7%

The stock’s 50-day simple moving average is $2.39 and its 200-day simple moving average is $2.58. The firm has a market capitalization of $75.26 million, a P/E ratio of 16.07 and a beta of 0.77.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings data on Thursday, May 14th. The company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.01). Research Solutions had a return on equity of 27.45% and a net margin of 9.28%.The firm had revenue of $12.12 million during the quarter, compared to the consensus estimate of $12.37 million. On average, equities research analysts expect that Research Solutions Inc. will post 0.09 EPS for the current year.

Institutional Investors Weigh In On Research Solutions

A number of institutional investors have recently added to or reduced their stakes in RSSS. XTX Topco Ltd bought a new stake in Research Solutions in the 4th quarter worth about $65,000. NewEdge Advisors LLC bought a new stake in Research Solutions in the 1st quarter worth about $71,000. Jane Street Group LLC grew its position in Research Solutions by 148.6% in the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after purchasing an additional 15,438 shares in the last quarter. Topline Capital Management LLC bought a new stake in Research Solutions in the 2nd quarter worth about $125,000. Finally, Goldman Sachs Group Inc. grew its position in Research Solutions by 18.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock worth $126,000 after purchasing an additional 6,729 shares in the last quarter. 33.60% of the stock is owned by institutional investors.

About Research Solutions

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.