Genius Brands International Inc (OTCMKTS:GNUS) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, October 17th.
According to Zacks, “Genius Brands International, Inc. is a multimedia content and brand management company. It provides entertaining and enriching content and products for toddlers to Tweens. The Company’s portfolio includes Baby Genius, Secret Lab, Kid Genius, Mighty 7, Stan Lee Comics and Secret Millionaires Club, Llama Llama and a tween adventure series, Space Pop. Genius Brands International, Inc. is headquartered in Beverly Hills, USA. “
Several other research analysts also recently issued reports on GNUS. Westpark Capital reaffirmed an “outperform” rating and set a $7.00 price target on shares of Genius Brands International in a research note on Thursday, September 7th. ValuEngine cut Genius Brands International from a “sell” rating to a “strong sell” rating in a research report on Monday, September 11th.
Genius Brands International (GNUS) opened at 2.92 on Tuesday. The company’s 50 day moving average is $3.49 and its 200 day moving average is $3.64. The stock’s market cap is $17.34 million. Genius Brands International has a 12 month low of $2.74 and a 12 month high of $8.00.
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In related news, CEO Andrew A. Heyward bought 7,500 shares of the business’s stock in a transaction that occurred on Monday, October 9th. The stock was acquired at an average price of $3.39 per share, for a total transaction of $25,425.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Andy Heyward bought 14,700 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The shares were bought at an average price of $3.52 per share, with a total value of $51,744.00. The disclosure for this purchase can be found here. Over the last ninety days, insiders acquired 106,097 shares of company stock worth $374,278.
A hedge fund recently raised its stake in Genius Brands International stock. Bard Associates Inc. increased its stake in shares of Genius Brands International Inc (OTCMKTS:GNUS) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 634,603 shares of the company’s stock after purchasing an additional 6,550 shares during the period. Genius Brands International makes up approximately 1.0% of Bard Associates Inc.’s investment portfolio, making the stock its 29th largest holding. Bard Associates Inc.’s holdings in Genius Brands International were worth $2,170,000 as of its most recent SEC filing.
About Genius Brands International
Genius Brands International, Inc is a content and brand management company. The Company provides entertaining and enriching content and products with a purpose for toddlers to tweens. The Company produces original content and licenses the rights to that content to a range of partners. Its licensees include companies to which the audio-visual rights are licensed for exhibition in various formats, such as Pay Television, Free or Broadcast Television, video-on-demand (VOD), subscription on demand (SVOD) and digital video discs/compact discs (DVDs/CDs), and companies that develop and distribute products based on its content within different product categories, such as toys, electronics, publishing, home goods, stationary and gifts.
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