B. Riley Cuts Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) Price Target to $2.00

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) had its price objective lowered by B. Riley from $5.00 to $2.00 in a report published on Monday morning, MarketBeat reports. B. Riley currently has a buy rating on the stock. B. Riley also issued estimates for Chicken Soup for the Soul Entertainment’s Q3 2023 earnings at ($1.21) EPS, Q4 2023 earnings at ($0.66) EPS, FY2023 earnings at ($6.12) EPS, Q1 2024 earnings at ($1.13) EPS, Q2 2024 earnings at ($1.03) EPS, Q3 2024 earnings at ($0.96) EPS, Q4 2024 earnings at ($0.58) EPS and FY2024 earnings at ($3.70) EPS.

A number of other equities research analysts have also recently commented on CSSE. Alliance Global Partners reiterated a neutral rating on shares of Chicken Soup for the Soul Entertainment in a report on Tuesday, August 15th. Benchmark lowered their price objective on shares of Chicken Soup for the Soul Entertainment from $12.00 to $6.00 and set a buy rating on the stock in a research report on Tuesday, August 15th. Finally, Craig Hallum downgraded Chicken Soup for the Soul Entertainment from a buy rating to a hold rating in a research note on Tuesday, August 15th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average target price of $5.50.

Chicken Soup for the Soul Entertainment Stock Down 4.3 %

Chicken Soup for the Soul Entertainment stock opened at $0.33 on Monday. The company has a market capitalization of $10.36 million, a PE ratio of -0.04 and a beta of 1.35. The firm has a fifty day simple moving average of $0.79 and a two-hundred day simple moving average of $1.57. Chicken Soup for the Soul Entertainment has a twelve month low of $0.31 and a twelve month high of $9.00.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last released its quarterly earnings results on Monday, August 14th. The company reported ($1.50) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.63) by $0.13. Chicken Soup for the Soul Entertainment had a negative net margin of 44.55% and a negative return on equity of 254.17%. The company had revenue of $79.91 million during the quarter, compared to the consensus estimate of $119.43 million. As a group, equities analysts expect that Chicken Soup for the Soul Entertainment will post -7.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Chicken Soup for the Soul Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. lifted its holdings in Chicken Soup for the Soul Entertainment by 740.9% during the first quarter. Advisor Group Holdings Inc. now owns 5,239 shares of the company’s stock valued at $42,000 after purchasing an additional 4,616 shares in the last quarter. Penn Capital Management Company LLC purchased a new position in shares of Chicken Soup for the Soul Entertainment in the first quarter valued at $890,000. Millennium Management LLC bought a new position in Chicken Soup for the Soul Entertainment during the second quarter valued at $471,000. Jane Street Group LLC bought a new stake in shares of Chicken Soup for the Soul Entertainment in the 2nd quarter worth about $110,000. Finally, BlackRock Inc. grew its position in Chicken Soup for the Soul Entertainment by 57.3% in the third quarter. BlackRock Inc. now owns 53,635 shares of the company’s stock worth $369,000 after acquiring an additional 19,547 shares in the last quarter. 58.98% of the stock is currently owned by hedge funds and other institutional investors.

Chicken Soup for the Soul Entertainment Company Profile

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Popcornflix Comedy, Españolflix, and FrightPix.