Research Solutions (NASDAQ:RSSS) Coverage Initiated by Analysts at Lake Street Capital

Lake Street Capital initiated coverage on shares of Research Solutions (NASDAQ:RSSS) in a report released on Tuesday morning, Benzinga reports. The brokerage issued a buy rating and a $5.00 price objective on the stock.

Research Solutions Stock Performance

Shares of RSSS stock opened at $3.00 on Tuesday. The firm has a market cap of $97.86 million, a price-to-earnings ratio of -150.00 and a beta of 0.60. Research Solutions has a 52 week low of $1.80 and a 52 week high of $3.50. The firm’s 50-day simple moving average is $3.08 and its two-hundred day simple moving average is $2.72.

Insiders Place Their Bets

In other Research Solutions news, major shareholder Peter Derycz sold 40,402 shares of Research Solutions stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $2.87, for a total value of $115,953.74. Following the sale, the insider now owns 2,984,680 shares of the company’s stock, valued at $8,566,031.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 26.47% of the company’s stock.

Institutional Trading of Research Solutions

Several hedge funds have recently added to or reduced their stakes in RSSS. Punch & Associates Investment Management Inc. raised its position in shares of Research Solutions by 1.2% in the third quarter. Punch & Associates Investment Management Inc. now owns 384,600 shares of the company’s stock valued at $962,000 after purchasing an additional 4,600 shares during the period. Oppenheimer Asset Management Inc. raised its position in shares of Research Solutions by 5.1% in the third quarter. Oppenheimer Asset Management Inc. now owns 103,304 shares of the company’s stock valued at $258,000 after purchasing an additional 4,977 shares during the period. Ridgewood Investments LLC raised its position in shares of Research Solutions by 8.1% in the fourth quarter. Ridgewood Investments LLC now owns 124,937 shares of the company’s stock valued at $325,000 after purchasing an additional 9,400 shares during the period. Kestra Private Wealth Services LLC bought a new stake in shares of Research Solutions in the third quarter valued at approximately $61,000. Finally, First Dallas Securities Inc. bought a new stake in shares of Research Solutions in the third quarter valued at approximately $387,000. Institutional investors own 33.60% of the company’s stock.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.