Zacks: Analysts Set $2.67 Target Price for Cinedigm Corp (CIDM)

Shares of Cinedigm Corp (NASDAQ:CIDM) have earned an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.

Brokerages have set a twelve-month consensus price objective of $2.67 for the company and are forecasting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Cinedigm an industry rank of 209 out of 255 based on the ratings given to its competitors.

A number of research analysts have recently issued reports on the company. Canaccord Genuity set a $3.00 price target on Cinedigm and gave the company a “buy” rating in a report on Wednesday. ValuEngine raised Cinedigm from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd.

Cinedigm stock opened at $1.96 on Wednesday. Cinedigm has a 12 month low of $0.48 and a 12 month high of $2.05.

Cinedigm (NASDAQ:CIDM) last announced its quarterly earnings results on Wednesday, February 13th. The business services provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.05. The business had revenue of $14.64 million for the quarter, compared to the consensus estimate of $12.87 million. Analysts anticipate that Cinedigm will post -0.34 EPS for the current year.

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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