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

Research Solutions Inc. (NASDAQ:RSSS) has received a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is $3.8333.

RSSS has been the subject of several recent analyst reports. Maxim Group decreased their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research report on Friday, May 15th. Lake Street Capital cut 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. Roth Capital reiterated a “buy” rating and set a $3.50 price objective on shares of Research Solutions in a research report on Friday, May 15th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Research Solutions in a report on Wednesday, August 12th.

Research Solutions Stock Performance

Research Solutions stock opened at $2.16 on Wednesday. Research Solutions has a one year low of $2.00 and a one year high of $4.12. The company has a 50-day simple moving average of $2.24 and a 200-day simple moving average of $2.32. The firm has a market capitalization of $72.25 million, a P/E ratio of 15.43 and a beta of 0.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Punch & Associates Investment Management Inc. bought a new position in shares of Research Solutions in the second quarter worth $5,922,000. Bard Associates Inc. acquired a new position in shares of Research Solutions during the second quarter valued at $1,413,000. North Star Investment Management Corp. bought a new stake in shares of Research Solutions during the first quarter valued at about $754,000. Needham Investment Management LLC raised its stake in shares of Research Solutions by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 3,145,000 shares of the company’s stock valued at $9,246,000 after purchasing an additional 45,000 shares in the last quarter. Finally, Hillsdale Investment Management Inc. acquired a new stake in Research Solutions in the fourth quarter worth about $288,000. 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.