Research Solutions (NASDAQ:RSSS) Upgraded at Zacks Research

Zacks Research upgraded shares of Research Solutions (NASDAQ:RSSS) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

A number of other research firms have also weighed in on RSSS. Wall Street Zen lowered shares of Research Solutions from a “strong-buy” rating to a “buy” rating in a research report on Saturday, November 15th. Roth Capital reiterated a “buy” rating and set a $5.00 price target on shares of Research Solutions in a report on Friday, November 14th. Finally, Weiss Ratings upgraded Research Solutions from a “sell (d-)” rating to a “hold (c-)” rating in a research note on Monday, November 17th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $5.00.

Research Solutions Stock Up 14.4%

Research Solutions stock opened at $3.09 on Thursday. The stock has a market cap of $101.56 million, a PE ratio of 103.03, a P/E/G ratio of 3.69 and a beta of 0.66. Research Solutions has a 12-month low of $2.32 and a 12-month high of $4.24. The business’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.05.

Research Solutions (NASDAQ:RSSS) last issued its quarterly earnings data on Thursday, November 13th. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.01). The company had revenue of $12.31 million during the quarter, compared to analysts’ expectations of $12.29 million. Research Solutions had a return on equity of 10.32% and a net margin of 2.58%. As a group, analysts expect that Research Solutions will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On Research Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in RSSS. Evernest Financial Advisors LLC bought a new stake in Research Solutions during the 2nd quarter valued at $35,000. NewEdge Advisors LLC bought a new stake in shares of Research Solutions during the first quarter valued at about $71,000. Topline Capital Management LLC purchased a new stake in shares of Research Solutions in the second quarter worth about $125,000. Heron Bay Capital Management boosted its position in shares of Research Solutions by 230.7% in the third quarter. Heron Bay Capital Management now owns 43,306 shares of the company’s stock valued at $162,000 after acquiring an additional 30,212 shares during the period. Finally, Ashford Capital Management Inc. purchased a new position in Research Solutions during the third quarter valued at approximately $186,000. Institutional investors own 33.60% of the company’s stock.

About Research Solutions

Research Solutions, Inc, through its subsidiaries, provides research cloud-based software-as-a-service software platform and related services to corporate, academic, government and individual researchers in the United States, Europe, and internationally. It provides Discover platform that facilitates search discovery across virtually all scientific, technical, and medical (STM) articles available, including free basic search solutions and advanced search tools, which include the Resolute.ai and scite.ai products, a tools that allows for searching and identifying relevant research and find insights in other datasets adjacent to STM content, such as clinical trial, patent, life science and medtech regulatory information, competitor and technology landscape insights in addition to searching the customer’s internal datasets.