Research Solutions (NASDAQ:RSSS – Get Free Report) issued its earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, MarketWatch Earnings reports. The business had revenue of $9.96 million for the quarter, compared to analyst estimates of $9.70 million. Research Solutions had a net margin of 1.52% and a return on equity of 9.88%. During the same quarter in the prior year, the business posted ($0.02) EPS.
Research Solutions Stock Up 0.8 %
Shares of NASDAQ:RSSS opened at $2.56 on Friday. Research Solutions has a fifty-two week low of $1.80 and a fifty-two week high of $2.65. The firm has a 50-day simple moving average of $2.19 and a 200 day simple moving average of $2.13. The company has a market cap of $75.52 million, a PE ratio of 128.00 and a beta of 0.56.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently issued reports on the stock. Maxim Group restated a “buy” rating and issued a $5.00 target price on shares of Research Solutions in a research note on Thursday. Roth Mkm restated a “buy” rating and issued a $4.35 target price on shares of Research Solutions in a research note on Thursday.
Institutional Investors Weigh In On Research Solutions
A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Research Solutions by 42.4% during the 1st quarter. Vanguard Group Inc. now owns 850,026 shares of the company’s stock valued at $1,810,000 after buying an additional 252,932 shares during the last quarter. Needham Investment Management LLC grew its position in Research Solutions by 11.3% in the 4th quarter. Needham Investment Management LLC now owns 480,000 shares of the company’s stock worth $926,000 after purchasing an additional 48,583 shares during the last quarter. Royal Bank of Canada grew its position in Research Solutions by 15.6% in the 3rd quarter. Royal Bank of Canada now owns 224,136 shares of the company’s stock worth $457,000 after purchasing an additional 30,290 shares during the last quarter. Geode Capital Management LLC grew its position in Research Solutions by 30.8% in the 2nd quarter. Geode Capital Management LLC now owns 89,231 shares of the company’s stock worth $182,000 after purchasing an additional 21,034 shares during the last quarter. Finally, Renaissance Technologies LLC grew its position in Research Solutions by 8.1% in the 1st quarter. Renaissance Technologies LLC now owns 79,418 shares of the company’s stock worth $160,000 after purchasing an additional 5,983 shares during the last quarter. Institutional investors own 34.97% of the company’s stock.
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.
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