System1 (NYSE:SST) Given Hold Rating at Evercore ISI

System1 (NYSE:SST – Get Rating)‘s stock had its “hold” rating reaffirmed by investment analysts at Evercore ISI in a report released on Friday, TipRanks reports. They currently have a $14.00 target price on the stock. Evercore ISI’s price target would suggest a potential upside of 18.74% from the company’s previous close.

Separately, DA Davidson raised their price target on shares of System1 from $23.00 to $26.00 in a research note on Wednesday, April 6th.

System1 stock traded up $1.00 during midday trading on Friday, reaching $11.79. The company had a trading volume of 496,034 shares, compared to its average volume of 1,427,387. System1 has a 12-month low of $7.70 and a 12-month high of $37.10. The business has a fifty day moving average of $15.86.

In other System1 news, major shareholder Cannae Holdings, Inc. sold 563,264 shares of the stock in a transaction dated Tuesday, April 19th. The shares were sold at an average price of $13.99, for a total value of $7,880,063.36. Following the completion of the sale, the insider now owns 26,618,506 shares in the company, valued at approximately $372,392,898.94. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 1,198,830 shares of company stock valued at $16,257,595.

Several hedge funds and other institutional investors have recently made changes to their positions in SST. JPMorgan Chase & Co. acquired a new stake in shares of System1 during the 1st quarter worth approximately $84,000. Penserra Capital Management LLC acquired a new stake in shares of System1 during the 1st quarter worth approximately $93,000. Citigroup Inc. acquired a new stake in shares of System1 during the 1st quarter worth approximately $1,145,000. First Trust Advisors LP acquired a new stake in shares of System1 during the 1st quarter worth approximately $1,190,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in shares of System1 during the 1st quarter worth approximately $1,473,000.

About System1 (Get Rating)

System1, Inc develops technology and data science to operate responsive acquisition marketing platform. The company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers. It serves customers in the areas of health, subscription, finance, insurance, business and technology, travel, auto, and other direct-to-consumer businesses.

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