Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Thursday, ValuEngine reports.
Other research analysts also recently issued reports about the company. Maxim Group restated a “buy” rating and set a $22.00 price objective on shares of Chicken Soup for The Soul Entrtnmnt in a research report on Tuesday, July 30th. Northland Securities set a $15.00 target price on shares of Chicken Soup for The Soul Entrtnmnt and gave the stock a “buy” rating in a research note on Friday, August 30th.
Shares of Chicken Soup for The Soul Entrtnmnt stock opened at $9.26 on Thursday. Chicken Soup for The Soul Entrtnmnt has a 1 year low of $6.75 and a 1 year high of $13.11. The company has a market capitalization of $39.62 million, a P/E ratio of -57.88 and a beta of 1.24. The business has a 50 day moving average price of $9.43 and a 200 day moving average price of $8.93.
Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.11) by ($0.09). Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 3.84% and a negative net margin of 20.39%. The company had revenue of $12.21 million for the quarter, compared to analyst estimates of $9.96 million. As a group, equities research analysts expect that Chicken Soup for The Soul Entrtnmnt will post 0.04 earnings per share for the current fiscal year.
In other news, major shareholder Mvm Funds Llc bought 35,288 shares of the stock in a transaction on Friday, August 2nd. The stock was purchased at an average cost of $9.28 per share, with a total value of $327,472.64. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 71.36% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Chicken Soup for The Soul Entrtnmnt by 3.8% in the 2nd quarter. Vanguard Group Inc. now owns 191,014 shares of the company’s stock worth $1,433,000 after acquiring an additional 7,000 shares during the period. Ladenburg Thalmann Financial Services Inc. grew its stake in Chicken Soup for The Soul Entrtnmnt by 14,661.1% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock worth $120,000 after acquiring an additional 15,834 shares during the period. Falcon Point Capital LLC purchased a new stake in Chicken Soup for The Soul Entrtnmnt in the 2nd quarter worth approximately $89,000. Steward Partners Investment Advisory LLC purchased a new stake in Chicken Soup for The Soul Entrtnmnt in the 2nd quarter worth approximately $86,000. Finally, Pinnacle Associates Ltd. purchased a new stake in Chicken Soup for The Soul Entrtnmnt in the 2nd quarter worth approximately $79,000. 18.90% of the stock is owned by hedge funds and other institutional investors.
About Chicken Soup for The Soul Entrtnmnt
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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