Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) Downgraded by B. Riley to “Neutral”

B. Riley downgraded shares of Chicken Soup for the Soul Entertainment (NASDAQ:CSSEGet Rating) from a buy rating to a neutral rating in a research report report published on Friday morning, The Fly reports. The brokerage currently has $26.00 price target on the stock, down from their previous price target of $32.00.

A number of other brokerages also recently commented on CSSE. Needham & Company LLC reduced their price target on Chicken Soup for the Soul Entertainment from $25.00 to $15.00 and set a buy rating for the company in a report on Friday, January 21st. Craig Hallum reduced their price target on Chicken Soup for the Soul Entertainment from $54.00 to $26.00 and set a buy rating for the company in a report on Friday, April 1st. Alliance Global Partners reduced their price target on Chicken Soup for the Soul Entertainment from $31.00 to $23.00 and set a buy rating for the company in a report on Thursday. They noted that the move was a valuation call. Finally, Canaccord Genuity Group reduced their price target on Chicken Soup for the Soul Entertainment from $38.00 to $14.00 and set a buy rating for the company in a report on Friday, April 1st. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Chicken Soup for the Soul Entertainment currently has a consensus rating of Buy and a consensus price target of $28.88.

Shares of NASDAQ CSSE traded up $0.27 on Friday, hitting $5.48. The company had a trading volume of 661,060 shares, compared to its average volume of 270,050. Chicken Soup for the Soul Entertainment has a 12-month low of $4.35 and a 12-month high of $47.72. The business has a 50 day moving average of $8.79 and a two-hundred day moving average of $11.77. The firm has a market capitalization of $84.23 million, a P/E ratio of -1.33 and a beta of 1.38.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSEGet Rating) last issued its earnings results on Thursday, March 31st. The company reported ($1.38) earnings per share for the quarter, missing the consensus estimate of ($0.51) by ($0.87). Chicken Soup for the Soul Entertainment had a negative return on equity of 54.10% and a negative net margin of 47.52%. The company had revenue of $35.97 million during the quarter. During the same period last year, the firm earned ($0.54) earnings per share. Equities research analysts predict that Chicken Soup for the Soul Entertainment will post -1.05 EPS for the current year.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Citigroup Inc. raised its stake 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 valued at $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 valued at approximately $33,000. Cornerstone Advisory LLC acquired a new stake in Chicken Soup for the Soul Entertainment during the fourth quarter valued at approximately $36,000. Advisor Group Holdings Inc. raised its position in shares of Chicken Soup for the Soul Entertainment by 740.9% during the 1st quarter. Advisor Group Holdings Inc. now owns 5,239 shares of the company’s stock worth $42,000 after purchasing an additional 4,616 shares during the period. Finally, Quent Capital LLC acquired a new stake in shares of Chicken Soup for the Soul Entertainment during the 1st quarter worth approximately $54,000. Hedge funds and other institutional investors own 37.16% of the company’s stock.

Chicken Soup for the Soul Entertainment Company Profile (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.

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