Redbox Entertainment Inc. (NASDAQ:RDBX – Get Rating) – B. Riley reduced their Q3 2023 EPS estimates for shares of Redbox Entertainment in a note issued to investors on Monday, April 18th. B. Riley analyst E. Wold now expects that the company will earn $0.18 per share for the quarter, down from their prior estimate of $0.20. B. Riley currently has a “Buy” rating and a $10.00 target price on the stock.
Several other research analysts have also commented on RDBX. Zacks Investment Research upgraded Redbox Entertainment from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. BTIG Research lowered shares of Redbox Entertainment from a “buy” rating to a “neutral” rating in a report on Monday. Wedbush cut their price target on shares of Redbox Entertainment from $15.00 to $5.00 in a report on Thursday, February 3rd. Finally, UBS Group decreased their price objective on Redbox Entertainment from $25.00 to $16.00 in a report on Monday, January 3rd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of 12.20.
A number of institutional investors have recently bought and sold shares of the stock. Squarepoint Ops LLC acquired a new position in Redbox Entertainment during the 4th quarter worth about $104,000. CenterStar Asset Management LLC acquired a new stake in shares of Redbox Entertainment during the fourth quarter worth about $130,000. Northern Trust Corp acquired a new stake in shares of Redbox Entertainment during the fourth quarter worth about $132,000. Citadel Advisors LLC purchased a new position in shares of Redbox Entertainment in the fourth quarter valued at approximately $138,000. Finally, Virtu Financial LLC acquired a new position in shares of Redbox Entertainment in the fourth quarter valued at approximately $253,000. Hedge funds and other institutional investors own 55.77% of the company’s stock.
Redbox Entertainment Company Profile (Get Rating)
Redbox Entertainment Inc operates a network of self-service kiosks in the United States. It operates a network of approximately 40,000 self-service kiosks, where consumers could rent or purchase new-release DVDs and Blu-ray Discs. The company provides installation, merchandising, and break-fix services to other kiosk businesses.
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