Shares of Cinedigm Corp (NASDAQ:CIDM) have been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy rating.
Brokers have set a 1 year consensus price objective of $2.78 for the company and are expecting that the company will post ($0.06) EPS for the current quarter, according to Zacks. Zacks has also assigned Cinedigm an industry rank of 176 out of 256 based on the ratings given to related companies.
A number of equities analysts have recently issued reports on the stock. ValuEngine upgraded shares of Cinedigm from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. Canaccord Genuity set a $3.00 price objective on shares of Cinedigm and gave the company a “buy” rating in a research note on Wednesday, April 10th.
Shares of CIDM stock remained flat at $$1.89 during mid-day trading on Friday. 3,956 shares of the stock were exchanged, compared to its average volume of 97,251. Cinedigm has a 52 week low of $0.48 and a 52 week high of $2.06. The firm has a market cap of $67.43 million, a PE ratio of -2.33 and a beta of 1.85.
An institutional investor recently bought a new position in Cinedigm stock. Bailard Inc. acquired a new stake in Cinedigm Corp (NASDAQ:CIDM) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 46,100 shares of the business services provider’s stock, valued at approximately $88,000. Bailard Inc. owned approximately 0.13% of Cinedigm as of its most recent filing with the SEC. Institutional investors and hedge funds own 7.65% of the company’s stock.
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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