System1, Inc. (NYSE:SST) Major Shareholder Buys $62,795.15 in Stock

System1, Inc. (NYSE:SST) major shareholder Cee Holdings Trust acquired 43,307 shares of the company’s stock in a transaction dated Wednesday, June 26th. The shares were bought at an average cost of $1.45 per share, for a total transaction of $62,795.15. Following the completion of the acquisition, the insider now directly owns 8,288,256 shares of the company’s stock, valued at $12,017,971.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Cee Holdings Trust also recently made the following trade(s):

• On Monday, June 24th, Cee Holdings Trust acquired 1,200 shares of System1 stock. The shares were bought at an average cost of $1.45 per share, for a total transaction of $1,740.00.
• On Thursday, June 20th, Cee Holdings Trust acquired 2,382 shares of System1 stock. The shares were bought at an average cost of $1.45 per share, for a total transaction of $3,453.90.

System1 Stock Performance

NYSE:SST traded up $0.02 during mid-day trading on Thursday, hitting $1.40. The company’s stock had a trading volume of 175,133 shares, compared to its average volume of 335,490. System1, Inc. has a 1 year low of $1.04 and a 1 year high of $4.67. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $126.15 million, a price-to-earnings ratio of -0.62 and a beta of 1.32. The business’s fifty day moving average is $1.56 and its two-hundred day moving average is $1.76.

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

Analysts Set New Price Targets

Separately, Evercore ISI dropped their price objective on shares of System1 from $3.00 to $2.00 and set an “in-line” rating on the stock in a report on Tuesday, March 19th.

Institutional Investors Weigh In On System1

An institutional investor recently raised its position in System1 stock. Arbor Trust Wealth Advisors LLC grew its position in System1, Inc. (NYSE:SST) by 91.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm 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 quarter. Institutional investors and hedge funds own 87.50% of the company’s stock.

System1 Company Profile

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.