System1, Inc. (NYSE:SST) Shares Acquired by Renaissance Technologies LLC

Renaissance Technologies LLC lifted its holdings in shares of System1, Inc. (NYSE:SST) by 126.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 57,900 shares of the company’s stock after acquiring an additional 32,300 shares during the period. Renaissance Technologies LLC owned 0.06% of System1 worth $88,000 at the end of the most recent reporting period.

System1 Trading Down 0.9 %

Shares of SST stock opened at $1.12 on Tuesday. The business’s 50 day moving average is $1.18 and its two-hundred day moving average is $1.46. System1, Inc. has a twelve month low of $1.04 and a twelve month high of $3.02. The company has a market capitalization of $100.92 million, a P/E ratio of -0.49 and a beta of 1.34. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 2.04.

System1 (NYSE:SST) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.38) earnings per share for the quarter. The business had revenue of $94.58 million during the quarter. System1 had a negative net margin of 53.92% and a negative return on equity of 53.12%.

Insider Activity at System1

In other news, major shareholder Cee Holdings Trust purchased 37,477 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was bought at an average cost of $1.21 per share, for a total transaction of $45,347.17. Following the completion of the purchase, the insider now directly owns 8,704,423 shares of the company’s stock, valued at $10,532,351.83. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders acquired 89,884 shares of company stock worth $107,575. 28.30% of the stock is currently owned by insiders.

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.