System1 (NYSE:SST) Stock Price Up 10.2% – Still a Buy?

System1, Inc. (NYSE:SST) shares rose 10.2% on Thursday . The stock traded as high as $6.94 and last traded at $6.43. Approximately 108,252 shares were traded during trading, an increase of 103% from the average daily volume of 53,406 shares. The stock had previously closed at $5.83.

System1 Trading Up 10.2%

The stock has a market cap of $63.50 million, a price-to-earnings ratio of -0.57 and a beta of 1.37. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 3.67. The business’s 50 day simple moving average is $5.28 and its 200 day simple moving average is $5.39.

System1 (NYSE:SST) last posted its quarterly earnings results on Tuesday, May 6th. The company reported ($2.10) EPS for the quarter. The company had revenue of $74.51 million during the quarter. System1 had a negative net margin of 23.99% and a negative return on equity of 83.18%.

Insider Buying and Selling

In other news, Director John Civantos acquired 18,842 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was bought at an average price of $3.89 per share, with a total value of $73,295.38. Following the acquisition, the director owned 49,455 shares in the company, valued at $192,379.95. The trade was a 61.55% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 13.20% of the company’s stock.

Institutional Trading of System1

A number of large investors have recently modified their holdings of the business. Deutsche Bank AG increased its stake in System1 by 383.2% in the 4th quarter. Deutsche Bank AG now owns 146,110 shares of the company’s stock worth $131,000 after purchasing an additional 115,870 shares during the period. Ancora Advisors LLC bought a new stake in shares of System1 during the fourth quarter valued at approximately $175,000. JPMorgan Chase & Co. boosted its position in shares of System1 by 160.5% during the fourth quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company’s stock valued at $80,000 after purchasing an additional 54,551 shares in the last quarter. Finally, Prudential Financial Inc. bought a new stake in shares of System1 during the fourth quarter valued at approximately $45,000. Institutional investors own 87.50% of the company’s stock.

System1 Company 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.