System1 (NYSE:SST) Shares Up 8% – What’s Next?

System1, Inc. (NYSE:SST)’s share price traded up 8% during trading on Friday . The stock traded as high as $1.05 and last traded at $1.04. 157,284 shares changed hands during mid-day trading, a decline of 41% from the average session volume of 264,796 shares. The stock had previously closed at $0.96.

System1 Trading Up 8.0 %

The company has a market cap of $95.59 million, a price-to-earnings ratio of -0.86 and a beta of 1.35. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 2.52. The business’s fifty day simple moving average is $1.08 and its two-hundred day simple moving average is $1.27.

Institutional Investors Weigh In On System1

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in shares of System1 by 74.3% during the third quarter. Jane Street Group LLC now owns 103,589 shares of the company’s stock worth $116,000 after purchasing an additional 44,147 shares during the last quarter. Renaissance Technologies LLC grew its stake in System1 by 126.2% during the 2nd quarter. Renaissance Technologies LLC now owns 57,900 shares of the company’s stock worth $88,000 after buying an additional 32,300 shares during the last quarter. XTX Topco Ltd purchased a new position in System1 during the 2nd quarter worth approximately $37,000. Geode Capital Management LLC lifted its stake in System1 by 3.6% in the third quarter. Geode Capital Management LLC now owns 473,732 shares of the company’s stock valued at $531,000 after buying an additional 16,504 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of System1 by 56.1% in the third quarter. Barclays PLC now owns 38,866 shares of the company’s stock valued at $44,000 after acquiring an additional 13,969 shares during the period. 87.50% of the stock is owned by hedge funds and other institutional investors.

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.