Research Solutions (NASDAQ:RSSS) Issues Earnings Results

Research Solutions (NASDAQ:RSSS) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02, MarketWatch Earnings reports. The company had revenue of $9.96 million for the quarter, compared to analyst estimates of $9.70 million. Research Solutions had a return on equity of 9.88% and a net margin of 1.52%. During the same quarter in the previous year, the company posted ($0.02) earnings per share.

Research Solutions Price Performance

Shares of NASDAQ RSSS opened at $2.54 on Friday. The stock’s 50-day moving average is $2.18 and its two-hundred day moving average is $2.13. The company has a market cap of $74.93 million, a price-to-earnings ratio of 127.06 and a beta of 0.56. Research Solutions has a 1-year low of $1.80 and a 1-year high of $2.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Charles Schwab Investment Management Inc. acquired a new position in shares of Research Solutions during the 2nd quarter worth about $37,000. Granahan Investment Management LLC boosted its position in shares of Research Solutions by 26.3% in the 1st quarter. Granahan Investment Management LLC now owns 27,006 shares of the company’s stock valued at $54,000 after purchasing an additional 5,617 shares during the period. Renaissance Technologies LLC boosted its position in shares of Research Solutions by 19.2% in the 2nd quarter. Renaissance Technologies LLC now owns 48,400 shares of the company’s stock valued at $86,000 after purchasing an additional 7,800 shares during the period. BlackRock Inc. boosted its position in shares of Research Solutions by 18.0% in the 2nd quarter. BlackRock Inc. now owns 47,969 shares of the company’s stock valued at $98,000 after purchasing an additional 7,326 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Research Solutions by 30.8% in the 2nd quarter. Geode Capital Management LLC now owns 89,231 shares of the company’s stock valued at $182,000 after purchasing an additional 21,034 shares during the period. 34.97% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Maxim Group restated a “buy” rating and issued a $5.00 target price on shares of Research Solutions in a research report on Thursday. Roth Mkm reiterated a “buy” rating and issued a $4.35 price objective on shares of Research Solutions in a report on Thursday.

Research Solutions Company Profile

Research Solutions, Inc, through its subsidiaries, provides cloud-based software-as-a-service research platform. The company is also involved in the transactional sale of published scientific, technical, and medical (STM) content managed, sourced, and delivered through the Transactions platform. Its solutions enable life science and other research intensive organizations to accelerate their research and development activities with access and management STM articles used throughout the intellectual property development lifecycle.