System1, Inc. (NYSE:SST) Major Shareholder Buys $95,457.60 in Stock

System1, Inc. (NYSE:SST) major shareholder Cee Holdings Trust purchased 66,290 shares of the firm’s stock in a transaction on Monday, July 1st. The shares were acquired at an average cost of $1.44 per share, for a total transaction of $95,457.60. Following the completion of the acquisition, the insider now owns 8,427,836 shares of the company’s stock, valued at $12,136,083.84. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

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

• On Friday, June 28th, Cee Holdings Trust purchased 23,136 shares of System1 stock. The stock was acquired at an average price of $1.45 per share, with a total value of $33,547.20.
• On Wednesday, June 26th, Cee Holdings Trust acquired 43,307 shares of System1 stock. The shares were purchased at an average price of $1.45 per share, with a total value of $62,795.15.
• On Monday, June 24th, Cee Holdings Trust acquired 1,200 shares of System1 stock. The shares were purchased at an average cost of $1.45 per share, for a total transaction of $1,740.00.
• On Thursday, June 20th, Cee Holdings Trust bought 2,382 shares of System1 stock. The stock was acquired at an average cost of $1.45 per share, with a total value of $3,453.90.

System1 Trading Down 0.7 %

Shares of NYSE:SST traded down $0.01 during trading on Tuesday, hitting $1.43. The company had a trading volume of 162,455 shares, compared to its average volume of 343,482. The stock has a market cap of $128.86 million, a price-to-earnings ratio of -0.63 and a beta of 1.35. 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 company has a fifty day simple moving average of $1.53 and a two-hundred day simple moving average of $1.75. System1, Inc. has a one year low of $1.04 and a one year high of $4.56.

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

Institutional Trading of System1

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

Analyst Ratings Changes

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

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.