Deutsche Bank AG Increases Holdings in System1, Inc. (NYSE:SST)

Deutsche Bank AG boosted its stake in System1, Inc. (NYSE:SST) by 383.2% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 146,110 shares of the company’s stock after buying an additional 115,870 shares during the quarter. Deutsche Bank AG owned approximately 0.16% of System1 worth $131,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of SST. Ancora Advisors LLC acquired a new stake in shares of System1 during the fourth quarter valued at about $175,000. JPMorgan Chase & Co. grew its position in System1 by 160.5% in the fourth quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company’s stock worth $80,000 after buying an additional 54,551 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in System1 in the fourth quarter worth approximately $45,000. 87.50% of the stock is currently owned by institutional investors and hedge funds.

System1 Stock Performance

NYSE SST opened at $0.35 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.52. The stock has a market cap of $33.05 million, a P/E ratio of -0.29 and a beta of 1.38. System1, Inc. has a twelve month low of $0.29 and a twelve month high of $1.63. The company’s 50-day simple moving average is $0.38 and its 200 day simple moving average is $0.61.

System1 (NYSE:SST) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.21) EPS for the quarter. The company had revenue of $74.51 million for the quarter. System1 had a negative net margin of 24.18% and a negative return on equity of 68.85%.

Wall Street Analysts Forecast Growth

Separately, Benchmark restated a “buy” rating and set a $5.00 price target on shares of System1 in a report on Tuesday, March 11th.

System1 Profile

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.