System1 (NYSE: SST – Get Assessed) was downgraded by investment analysts at Bank of America from a “buy” rating to an “underperform” rating in a research report released on Tuesday, reports The Fly.

Other analysts have also published research reports on the company. DA Davidson lowered its price target on System1 from $26.00 to $19.00 and set a “buy” rating for the company in a Friday, August 12 report. Benchmark lowered its price target on System1 from $15.00 to $13.00 and set a “buy” rating for the company in a Friday, August 12 report.

Performance of System1 actions

SST opened at $4.41 on Tuesday. The stock’s 50-day moving average price is $7.20 and its 200-day moving average price is $8.78. System1 has a 1-year low of $4.34 and a 1-year high of $37.10. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt ratio of 0.49.

System1 (NYSE:SST – Get Rating) last released its results on Monday, August 15. The company reported ($0.33) EPS for the quarter. The company had revenue of $219.80 million in the quarter. On average, sell-side analysts expect System1 to post -1.44 earnings per share for the current year.

Insider activity on System1

In other System1 news, major shareholder Cannae Holdings, Inc. sold 50,000 shares of the company in a trade on Tuesday, August 16. The stock was sold at an average price of $10.20, for a total transaction of $510,000.00. Following the completion of the sale, the insider now owns 25,400,559 shares of the company, valued at $259,085,701.80. The transaction was disclosed in a document filed with the SEC, accessible via this link. In other System1 news, major shareholder Cannae Holdings, Inc. sold 50,000 shares of the company in a trade on Tuesday, August 16. The stock was sold at an average price of $10.20, for a total transaction of $510,000.00. Following the completion of the sale, the insider now owns 25,400,559 shares of the company, valued at $259,085,701.80. The transaction was disclosed in a document filed with the SEC, accessible via this link. Additionally, director Christopher Stephen Phillips sold 52,749 shares of the company in a trade on Wednesday, August 24. The stock was sold at an average price of $11.04, for a total value of $582,348.96. Following the sale, the director now owns 20,375,479 shares of the company, valued at approximately $224,945,288.16. The disclosure of this sale can be found here. During the last quarter, insiders sold 1,522,875 shares of the company worth $15,442,529.

System Institutional Trading1

Several hedge funds and other institutional investors have recently changed their positions in the company. Cannae Holdings Inc. purchased a new stake in System1 stock during Q1 for $394,407,000. BlackRock Inc. purchased a new equity stake in System1 during Q1 for $3,514,000. Vanguard Group Inc. purchased a new stake in System1 stock during Q1 for $3,438,000. State Street Corp purchased a new equity stake in System1 during Q1 for $1,475,000. Finally, Charles Schwab Investment Management Inc. purchased a new equity stake in System1 during Q1 for $1,473,000. Hedge funds and other institutional investors own 72.77% of the company’s shares.

System1 Company Profile

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System1, Inc develops the technology and data science to operate a responsive acquisition marketing platform. The company also operates a real-time coupon code search engine and directory that offers coupon destinations for online shoppers. It serves clients in healthcare, subscription, finance, insurance, business and technology, travel, automotive and other direct-to-consumer businesses.

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