Research analysts at Lake Street Capital initiated coverage on shares of Research Solutions (NASDAQ:RSSS – Get Free Report) in a research note issued 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 points to a potential upside of 65.56% from the stock’s previous close.
Research Solutions Stock Up 0.7 %
NASDAQ:RSSS traded up $0.02 during trading hours on Tuesday, reaching $3.02. The company had a trading volume of 1,866 shares, compared to its average volume of 55,973. The firm has a market capitalization of $98.51 million, a PE ratio of -151.00 and a beta of 0.60. The stock has a 50-day moving average of $3.07 and a two-hundred day moving average of $2.72. Research Solutions has a one year low of $1.80 and a one year high of $3.50.
Insider Activity at Research Solutions
In other Research Solutions news, major shareholder Peter Derycz sold 40,402 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $2.87, for a total transaction of $115,953.74. Following the transaction, the insider now owns 2,984,680 shares in the company, valued at approximately $8,566,031.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders sold 43,039 shares of company stock valued at $123,460. Insiders own 26.47% of the company’s stock.
Institutional Trading of Research Solutions
About Research Solutions
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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