System1 (NYSE:SST) Price Target Cut to $6.00

System1 (NYSE:SSTGet Rating) had its price target cut by analysts at Evercore ISI to $6.00 in a research report issued on Wednesday, Stock Target Advisor reports. Evercore ISI’s price objective suggests a potential upside of 15.16% from the company’s current price.

Other equities analysts have also issued research reports about the company. Benchmark reduced their price objective on System1 from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, August 12th. Bank of America lowered System1 from a “buy” rating to an “underperform” rating and cut their price target for the company from $12.00 to $4.00 in a research note on Tuesday, November 8th. Finally, DA Davidson cut their price target on System1 from $19.00 to $10.00 in a research note on Friday, November 11th.

System1 Trading Up 3.0 %

System1 stock opened at $5.21 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 0.61 and a quick ratio of 0.73. The business’s fifty day moving average is $6.11 and its two-hundred day moving average is $8.34. System1 has a 52 week low of $3.45 and a 52 week high of $37.10.

System1 (NYSE:SSTGet Rating) last posted its quarterly earnings data on Monday, August 15th. The company reported ($0.33) EPS for the quarter. The business had revenue of $219.80 million during the quarter. On average, equities analysts forecast that System1 will post -1.71 EPS for the current year.

Insider Buying and Selling at System1

In other System1 news, Director Christopher Stephen Phillips sold 23,842 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $11.61, for a total value of $276,805.62. Following the transaction, the director now owns 19,978,786 shares of the company’s stock, valued at $231,953,705.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other System1 news, Director Christopher Stephen Phillips sold 23,842 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $11.61, for a total value of $276,805.62. Following the transaction, the director now owns 19,978,786 shares of the company’s stock, valued at $231,953,705.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Tridivesh Kidambi bought 15,942 shares of the business’s stock in a transaction on Monday, November 14th. The stock was bought at an average cost of $4.39 per share, for a total transaction of $69,985.38. Following the purchase, the chief financial officer now directly owns 654,312 shares of the company’s stock, valued at approximately $2,872,429.68. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 34,400 shares of company stock valued at $156,019 and have sold 1,453,375 shares valued at $14,717,249. Insiders own 36.30% of the company’s stock.

Institutional Investors Weigh In On System1

Several large investors have recently modified their holdings of the business. State Street Corp increased its holdings in shares of System1 by 4.7% in the third quarter. State Street Corp now owns 70,625 shares of the company’s stock worth $444,000 after acquiring an additional 3,200 shares in the last quarter. Twinbeech Capital LP bought a new stake in shares of System1 in the third quarter worth about $460,000. Vanguard Group Inc. increased its holdings in shares of System1 by 293.9% in the third quarter. Vanguard Group Inc. now owns 1,012,528 shares of the company’s stock worth $6,369,000 after acquiring an additional 755,506 shares in the last quarter. Engineers Gate Manager LP bought a new stake in shares of System1 in the third quarter worth about $90,000. Finally, Caas Capital Management LP bought a new stake in shares of System1 in the third quarter worth about $2,670,000. 72.77% of the stock is currently owned by institutional investors.

About System1

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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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