Research Solutions (NASDAQ:RSSS) Announces Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Research Solutions (NASDAQ:RSSS) released its quarterly earnings results on Wednesday. The company reported $0.02 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.02), FiscalAI reports. The business had revenue of $12.08 million during the quarter, compared to analysts’ expectations of $11.95 million. Research Solutions had a net margin of 9.28% and a return on equity of 27.45%.

Research Solutions Stock Down 1.8%

Shares of RSSS traded down $0.04 on Wednesday, hitting $2.14. 67,053 shares of the stock traded hands, compared to its average volume of 58,252. Research Solutions has a 1 year low of $2.00 and a 1 year high of $4.12. The stock’s 50 day moving average is $2.23 and its two-hundred day moving average is $2.31. The firm has a market capitalization of $71.58 million, a P/E ratio of 15.29 and a beta of 0.75.

Analyst Ratings Changes

A number of research analysts have commented on RSSS shares. Lake Street Capital reduced their target price on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating for the company in a report on Monday, May 18th. Maxim Group dropped their price objective on shares of Research Solutions from $5.00 to $4.00 and set a “buy” rating on the stock in a research note on Friday, May 15th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Research Solutions in a research report on Wednesday, August 12th. Finally, Roth Capital restated a “buy” rating and set a $3.50 target price on shares of Research Solutions in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Research Solutions has an average rating of “Moderate Buy” and an average price target of $3.83.

Institutional Trading of Research Solutions

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd acquired a new stake in shares of Research Solutions in the fourth quarter worth approximately $65,000. NewEdge Advisors LLC purchased a new stake in shares of Research Solutions during the 1st quarter valued at $71,000. Jane Street Group LLC increased its holdings in shares of Research Solutions by 148.6% during the 4th quarter. Jane Street Group LLC now owns 25,826 shares of the company’s stock worth $76,000 after buying an additional 15,438 shares during the last quarter. Topline Capital Management LLC purchased a new position in shares of Research Solutions in the 2nd quarter worth $125,000. Finally, Goldman Sachs Group Inc. boosted its holdings in Research Solutions by 18.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 42,979 shares of the company’s stock valued at $126,000 after acquiring an additional 6,729 shares during the last quarter. Hedge funds and other institutional investors own 33.60% of the company’s stock.

About Research Solutions

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.