Analysts Set Research Solutions Inc. (NASDAQ:RSSS) Price Target at $3.83

Research Solutions Inc. (NASDAQ:RSSS) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $3.8333.

Several research firms have recently commented on RSSS. Weiss Ratings lowered Research Solutions from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 15th. Lake Street Capital reduced their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Monday, May 18th. Roth Mkm reiterated a “buy” rating and set a $3.50 price objective on shares of Research Solutions in a research note on Friday, May 15th. Finally, Maxim Group reduced their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a research note on Friday, May 15th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Research Solutions by 6.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 67,671 shares of the company’s stock valued at $252,000 after buying an additional 3,918 shares in the last quarter. Goldman Sachs Group Inc. increased its position in Research Solutions by 18.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after buying an additional 6,729 shares in the last quarter. Hodges Capital Management Inc. increased its position in Research Solutions by 4.2% during the 3rd quarter. Hodges Capital Management Inc. now owns 185,500 shares of the company’s stock valued at $692,000 after buying an additional 7,500 shares in the last quarter. Renaissance Technologies LLC increased its position in Research Solutions by 5.7% during the 4th quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock valued at $642,000 after buying an additional 11,756 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC increased its position in Research Solutions by 4.9% during the 4th quarter. Dynamic Advisor Solutions LLC now owns 289,517 shares of the company’s stock valued at $851,000 after buying an additional 13,483 shares in the last quarter. 33.60% of the stock is owned by institutional investors and hedge funds.

Research Solutions Trading Up 2.2%

RSSS opened at $2.29 on Friday. The firm has a market cap of $76.60 million, a price-to-earnings ratio of 16.36 and a beta of 0.77. Research Solutions has a 12 month low of $2.00 and a 12 month high of $4.12. The stock has a fifty day moving average price of $2.37 and a 200-day moving average price of $2.55.

Research Solutions (NASDAQ:RSSS) last released its quarterly earnings results on Thursday, May 14th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01). The company had revenue of $12.12 million during the quarter, compared to the consensus estimate of $12.37 million. Research Solutions had a return on equity of 27.45% and a net margin of 9.28%. On average, equities research analysts forecast that Research Solutions will post 0.09 EPS for the current year.

Research Solutions Company Profile

Research Solutions, Inc (NASDAQ:RSSS) is a provider of software and managed services that streamline access to and management of scientific, technical and medical research. The company’s flagship platform automates the acquisition, licensing and delivery of journal articles, conference proceedings and other pay-walled content, enabling institutions to reduce administrative overhead and control subscription costs.

Key offerings include self-service workflows for document requests, enterprise-grade managed services for high-volume users, and analytics tools that deliver detailed reporting on spend, usage patterns and supplier performance.