Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) has received a consensus broker rating score of 1.00 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Four analysts have rated the stock with a strong buy recommendation.
Brokerages have set a 12-month consensus price target of $19.90 for the company and are anticipating that the company will post ($0.11) EPS for the current quarter, according to Zacks. Zacks has also given Chicken Soup for The Soul Entrtnmnt an industry rank of 146 out of 256 based on the ratings given to related companies.
CSSE has been the subject of a number of recent research reports. Maxim Group reissued a “buy” rating and set a $22.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a report on Tuesday. Northland Securities restated a “buy” rating and set a $15.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Thursday, May 16th. Finally, ValuEngine cut Chicken Soup for The Soul Entrtnmnt from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th.
Shares of CSSE opened at $9.37 on Monday. Chicken Soup for The Soul Entrtnmnt has a 52-week low of $6.75 and a 52-week high of $13.11. The firm has a fifty day simple moving average of $7.86.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last announced its earnings results on Wednesday, May 15th. The company reported ($0.28) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by ($0.21). Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 2.24% and a negative net margin of 12.85%. The company had revenue of $2.53 million for the quarter, compared to analyst estimates of $6.54 million. On average, sell-side analysts expect that Chicken Soup for The Soul Entrtnmnt will post 0.16 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in CSSE. Royce & Associates LP increased its position in shares of Chicken Soup for The Soul Entrtnmnt by 45.0% during the first quarter. Royce & Associates LP now owns 311,027 shares of the company’s stock valued at $3,844,000 after acquiring an additional 96,527 shares in the last quarter. Falcon Point Capital LLC bought a new stake in shares of Chicken Soup for The Soul Entrtnmnt during the second quarter valued at approximately $89,000. Finally, Steward Partners Investment Advisory LLC bought a new stake in shares of Chicken Soup for The Soul Entrtnmnt during the second quarter valued at approximately $86,000. Hedge funds and other institutional investors own 19.20% of the company’s stock.
Chicken Soup for The Soul Entrtnmnt Company Profile
Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.
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