System1 (NYSE:SST) Shares Down 10.7% – Should You Sell?

System1, Inc. (NYSE:SST) shares dropped 10.7% during mid-day trading on Wednesday . The stock traded as low as $7.52 and last traded at $8.36. Approximately 236,849 shares traded hands during mid-day trading, an increase of 432% from the average daily volume of 44,522 shares. The stock had previously closed at $9.36.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a “buy” rating and issued a $50.00 price objective on shares of System1 in a research note on Tuesday, March 11th.

System1 Price Performance

The business’s 50-day simple moving average is $4.56 and its two-hundred day simple moving average is $5.71. The stock has a market cap of $78.46 million, a price-to-earnings ratio of -0.75 and a beta of 1.20. The company has a debt-to-equity ratio of 3.67, a current ratio of 1.27 and a quick ratio of 1.27.

System1 (NYSE:SST) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($2.10) earnings per share for the quarter. The firm had revenue of $74.51 million for the quarter. System1 had a negative net margin of 23.99% and a negative return on equity of 83.18%.

Insider Activity

In related news, Director John Civantos bought 18,842 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were purchased at an average cost of $3.89 per share, with a total value of $73,295.38. Following the acquisition, the director now owns 49,455 shares of the company’s stock, valued at $192,379.95. This represents a 61.55% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 13.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On System1

A number of hedge funds and other institutional investors have recently made changes to their positions in SST. Prudential Financial Inc. bought a new stake in shares of System1 in the 4th quarter valued at $45,000. JPMorgan Chase & Co. lifted its holdings in System1 by 160.5% in the fourth quarter. JPMorgan Chase & Co. now owns 88,544 shares of the company’s stock valued at $80,000 after buying an additional 54,551 shares during the period. Ancora Advisors LLC acquired a new stake in System1 during the 4th quarter worth about $175,000. Finally, Deutsche Bank AG raised its position in shares of System1 by 383.2% in the 4th quarter. Deutsche Bank AG now owns 146,110 shares of the company’s stock worth $131,000 after acquiring an additional 115,870 shares in the last quarter. 87.50% of the stock is owned by institutional investors and hedge funds.

About System1

System1, Inc provides omnichannel customer acquisition platform services through its proprietary responsive acquisition marketing platform in the United States, the United Kingdom, Canada, the Netherlands, and internationally. It operates through two segments: Owned and Operated Advertising, and Partner Network.