Lake Street Capital Initiates Coverage on Research Solutions (NASDAQ:RSSS)

Stock analysts at Lake Street Capital assumed coverage on shares of Research Solutions (NASDAQ:RSSS) in a research report issued to clients and investors on Tuesday, Benzinga reports. The firm set a “buy” rating and a $5.00 price target on the stock. Lake Street Capital’s price target indicates a potential upside of 60.26% from the stock’s current price.

Research Solutions Stock Up 4.0 %

RSSS stock opened at $3.12 on Tuesday. The firm has a market cap of $101.77 million, a price-to-earnings ratio of -156.00 and a beta of 0.60. Research Solutions has a 12-month low of $1.80 and a 12-month high of $3.50. The company’s fifty day simple moving average is $3.08 and its 200 day simple moving average is $2.73.

Insider Buying and Selling at Research Solutions

In other Research Solutions news, major shareholder Peter Derycz sold 40,402 shares of Research Solutions stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $2.87, for a total value of $115,953.74. Following the completion of the sale, the insider now directly owns 2,984,680 shares of the company’s stock, valued at $8,566,031.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 26.47% of the company’s stock.

Institutional Investors Weigh In On Research Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of RSSS. Kestra Private Wealth Services LLC purchased a new stake in shares of Research Solutions during the 3rd quarter worth approximately $61,000. Oppenheimer Asset Management Inc. boosted its holdings in Research Solutions by 5.1% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 103,304 shares of the company’s stock valued at $258,000 after purchasing an additional 4,977 shares during the period. Ridgewood Investments LLC lifted its position in Research Solutions by 8.1% during the fourth quarter. Ridgewood Investments LLC now owns 124,937 shares of the company’s stock valued at $325,000 after purchasing an additional 9,400 shares during the last quarter. First Dallas Securities Inc. bought a new stake in shares of Research Solutions during the 3rd quarter worth $387,000. Finally, Punch & Associates Investment Management Inc. increased its position in shares of Research Solutions by 1.2% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 384,600 shares of the company’s stock valued at $962,000 after purchasing an additional 4,600 shares during the last quarter. 33.60% of the stock is owned by institutional investors.

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.