Cinedigm Corp (NASDAQ:CIDM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $3.34 for the company and are anticipating that the company will post ($0.16) EPS for the current quarter, according to Zacks. Zacks has also given Cinedigm an industry rank of 33 out of 255 based on the ratings given to related companies.
Separately, Dawson James began coverage on shares of Cinedigm in a report on Monday, October 22nd. They issued a “buy” rating for the company.
Shares of CIDM traded down $0.02 during mid-day trading on Wednesday, reaching $0.89. The company’s stock had a trading volume of 22,514 shares, compared to its average volume of 228,164. The firm has a market cap of $31.60 million, a price-to-earnings ratio of -1.09 and a beta of 0.35. Cinedigm has a 52 week low of $0.78 and a 52 week high of $1.81.
Cinedigm (NASDAQ:CIDM) last announced its quarterly earnings data on Tuesday, August 14th. The business services provider reported ($0.09) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.06) by ($0.03). The firm had revenue of $13.08 million for the quarter, compared to analysts’ expectations of $12.50 million. Equities research analysts forecast that Cinedigm will post -0.59 EPS for the current year.
An institutional investor recently raised its position in Cinedigm stock. Renaissance Technologies LLC lifted its holdings in Cinedigm Corp (NASDAQ:CIDM) by 17.1% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 859,423 shares of the business services provider’s stock after acquiring an additional 125,283 shares during the quarter. Renaissance Technologies LLC owned 2.45% of Cinedigm worth $1,332,000 at the end of the most recent quarter. Institutional investors and hedge funds own 8.02% of the company’s stock.
Cinedigm Company Profile
Cinedigm Corp., together with its subsidiaries, operates as distributor and aggregator of independent movie, television, and other short form content primarily in the United States. The company operates through four segments: The First Digital Cinema Deployment, The Second Digital Cinema Deployment, Digital Cinema Services, and Media Content and Entertainment Group.
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