Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Given Average Recommendation of “Buy” by Analysts

Shares of Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEGet Rating) have received a consensus rating of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $33.29.

A number of brokerages have recently weighed in on CSSE. Canaccord Genuity Group lowered their target price on Chicken Soup for the Soul Entertainment from $38.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, April 1st. Zacks Investment Research upgraded Chicken Soup for the Soul Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, January 11th. Needham & Company LLC lowered their target price on Chicken Soup for the Soul Entertainment from $25.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, January 21st. Craig Hallum lowered their target price on Chicken Soup for the Soul Entertainment from $54.00 to $26.00 and set a “buy” rating on the stock in a research note on Friday, April 1st. Finally, Alliance Global Partners lowered their target price on Chicken Soup for the Soul Entertainment from $50.00 to $41.00 and set a “buy” rating on the stock in a research note on Wednesday, January 12th.

NASDAQ:CSSE opened at $9.59 on Friday. The stock’s 50 day moving average price is $9.03 and its two-hundred day moving average price is $12.28. The firm has a market capitalization of $147.38 million, a price-to-earnings ratio of -2.47 and a beta of 1.38. Chicken Soup for the Soul Entertainment has a 12-month low of $6.52 and a 12-month high of $47.72.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSEGet Rating) last released its quarterly earnings data on Thursday, March 31st. The company reported ($1.38) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.51) by ($0.87). The business had revenue of $35.97 million during the quarter. Chicken Soup for the Soul Entertainment had a negative net margin of 45.66% and a negative return on equity of 51.14%. During the same quarter last year, the company earned ($0.54) EPS. On average, equities research analysts forecast that Chicken Soup for the Soul Entertainment will post -1.05 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Citigroup Inc. grew its position in Chicken Soup for the Soul Entertainment by 105.5% during the fourth quarter. Citigroup Inc. now owns 1,907 shares of the company’s stock worth $26,000 after buying an additional 979 shares in the last quarter. Royal Bank of Canada acquired a new stake in Chicken Soup for the Soul Entertainment during the second quarter worth approximately $33,000. Cornerstone Advisory LLC acquired a new stake in Chicken Soup for the Soul Entertainment during the fourth quarter worth approximately $36,000. Advisor Group Holdings Inc. boosted its holdings in shares of Chicken Soup for the Soul Entertainment by 740.9% in the 1st 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. Finally, Barclays PLC boosted its holdings in shares of Chicken Soup for the Soul Entertainment by 212.7% in the 3rd quarter. Barclays PLC now owns 4,546 shares of the company’s stock valued at $103,000 after purchasing an additional 3,092 shares in the last quarter. 37.16% of the stock is currently owned by institutional investors and hedge funds.

About Chicken Soup for the Soul Entertainment (Get Rating)

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, Españolflix, and FrightPix.

Further Reading

Analyst Recommendations for Chicken Soup for the Soul Entertainment (NASDAQ:CSSE)

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