System1, Inc. (NYSE:SST) CEO Sells $1,087,500.00 in Stock

Posted by Trevor Kearing on Jun 27th, 2024

System1, Inc. (NYSE:SST – Get Free Report) CEO L Michael Blend sold 725,000 shares of the business’s stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $1.50, for a total value of $1,087,500.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

System1 Trading Down 0.7 %

Shares of NYSE:SST opened at $1.39 on Thursday. The stock has a 50-day simple moving average of $1.57 and a 200-day simple moving average of $1.77. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 1.67. System1, Inc. has a 1 year low of $1.04 and a 1 year high of $4.67.

System1 (NYSE:SST – Get Free Report) last released its quarterly earnings results on Thursday, May 9th. The company reported ($0.45) EPS for the quarter. The company had revenue of $84.92 million for the quarter. System1 had a negative return on equity of 42.08% and a negative net margin of 49.23%.

Analyst Upgrades and Downgrades

Separately, Evercore ISI decreased their target price on System1 from $3.00 to $2.00 and set an “in-line” rating for the company in a report on Tuesday, March 19th.

Read Our Latest Stock Report on SST

Hedge Funds Weigh In On System1

A hedge fund recently raised its stake in System1 stock. Arbor Trust Wealth Advisors LLC increased its stake in shares of System1, Inc. (NYSE:SST – Free Report) by 91.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 20,950 shares of the company’s stock after acquiring an additional 10,000 shares during the period. Arbor Trust Wealth Advisors LLC’s holdings in System1 were worth $47,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 87.50% of the company’s stock.

About System1

(Get Free Report)

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.