Research Solutions Inc. (NASDAQ:RSSS) Given Average Rating of “Moderate Buy” by Brokerages

Research Solutions Inc. (NASDAQ:RSSS) has been given a consensus rating of “Moderate Buy” by the five ratings firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $3.8333.

RSSS has been the topic of a number of research reports. Lake Street Capital lowered their price target on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a report on Monday, May 18th. Maxim Group decreased their target price on Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research report on Friday, May 15th. Weiss Ratings lowered Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, May 15th. Finally, Roth Capital reiterated a “buy” rating and issued a $3.50 price objective on shares of Research Solutions in a research report on Friday, May 15th.

Research Solutions Trading Down 0.9%

Shares of RSSS opened at $2.16 on Friday. The stock’s 50 day moving average is $2.25 and its two-hundred day moving average is $2.39. Research Solutions has a twelve month low of $2.00 and a twelve month high of $4.12. The firm has a market capitalization of $72.25 million, a PE ratio of 15.43 and a beta of 0.75.

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

Hedge Funds Weigh In On Research Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RSSS. NewEdge Advisors LLC acquired a new stake in Research Solutions during the 1st quarter valued at $71,000. Acadian Asset Management LLC raised its holdings in shares of Research Solutions by 83.7% in the first quarter. Acadian Asset Management LLC now owns 87,327 shares of the company’s stock worth $225,000 after acquiring an additional 39,789 shares during the last quarter. Topline Capital Management LLC purchased a new stake in shares of Research Solutions in the second quarter valued at $125,000. Vanguard Group Inc. lifted its position in shares of Research Solutions by 3.5% in the third quarter. Vanguard Group Inc. now owns 1,254,142 shares of the company’s stock valued at $4,678,000 after acquiring an additional 42,066 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Research Solutions by 6.1% during the third quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after acquiring an additional 3,918 shares during the last quarter. Institutional investors and hedge funds own 33.60% of the company’s stock.

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.