NASDAQ:RSVR

Reservoir Media (RSVR) Stock Price, News & Analysis

$8.18
-0.11 (-1.33%)
(As of 11:26 AM ET)
Today's Range
$8.15
$8.34
50-Day Range
$6.75
$8.29
52-Week Range
$5.19
$8.39
Volume
4,394 shs
Average Volume
56,035 shs
Market Capitalization
$530.23 million
P/E Ratio
117.86
Dividend Yield
N/A
Price Target
$13.00

Reservoir Media MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
55.9% Upside
$13.00 Price Target
Short Interest
Bearish
3.90% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.27mentions of Reservoir Media in the last 14 days
Based on 6 Articles This Week
Insider Trading
Acquiring Shares
$892,329 Bought Last Quarter
Proj. Earnings Growth
Growing
From ($0.02) to $0.07 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.74 out of 5 stars

Consumer Discretionary Sector

160th out of 270 stocks

Amusement & Recreation Services Industry

6th out of 14 stocks

RSVR stock logo

About Reservoir Media Stock (NASDAQ:RSVR)

Reservoir Media, Inc. operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs. The company was founded in 2007 and is headquartered in New York, New York.

RSVR Stock Price History

RSVR Stock News Headlines

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Company Calendar

Last Earnings
5/31/2023
Today
4/24/2024
Next Earnings (Estimated)
5/29/2024
Fiscal Year End
3/31/2025

Industry, Sector and Symbol

Industry
Amusement & recreation services
Sub-Industry
N/A
Current Symbol
NASDAQ:RSVR
Fax
N/A
Employees
92
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$13.00
High Stock Price Target
$13.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+55.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
1 Analysts

Profitability

Net Income
$2.54 million
Pretax Margin
-0.10%

Debt

Sales & Book Value

Annual Sales
$122.29 million
Cash Flow
$0.48 per share
Book Value
$5.43 per share

Miscellaneous

Free Float
47,793,000
Market Cap
$540.60 million
Optionable
Optionable
Beta
1.07
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RSVR Stock Analysis - Frequently Asked Questions

Should I buy or sell Reservoir Media stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Reservoir Media in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" RSVR shares.
View RSVR analyst ratings
or view top-rated stocks.

What is Reservoir Media's stock price target for 2024?

1 brokers have issued 12-month target prices for Reservoir Media's stock. Their RSVR share price targets range from $13.00 to $13.00. On average, they anticipate the company's share price to reach $13.00 in the next twelve months. This suggests a possible upside of 55.9% from the stock's current price.
View analysts price targets for RSVR
or view top-rated stocks among Wall Street analysts.

How have RSVR shares performed in 2024?

Reservoir Media's stock was trading at $7.13 at the beginning of 2024. Since then, RSVR stock has increased by 17.0% and is now trading at $8.34.
View the best growth stocks for 2024 here
.

When is Reservoir Media's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 29th 2024.
View our RSVR earnings forecast
.

How were Reservoir Media's earnings last quarter?

Reservoir Media, Inc. (NASDAQ:RSVR) announced its earnings results on Wednesday, May, 31st. The company reported $0.06 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.06. The company had revenue of $34.81 million for the quarter, compared to the consensus estimate of $33.93 million. Reservoir Media had a trailing twelve-month return on equity of 1.37% and a net margin of 0.13%. During the same period in the previous year, the company posted $0.07 EPS.

What ETF holds Reservoir Media's stock?

MUSQ Global Music Industry ETF holds 26,738 shares of RSVR stock, representing 1.04% of its portfolio.

What guidance has Reservoir Media issued on next quarter's earnings?

Reservoir Media updated its FY 2024 earnings guidance on Wednesday, February, 7th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $140.0 million-$142.0 million, compared to the consensus revenue estimate of $135.7 million.

Who are Reservoir Media's major shareholders?

Reservoir Media's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Sanders Morris Harris LLC (1.41%). Insiders that own company stock include Adam Rothstein, Essex Equity Joint Investment, Ezra S Field, Golnar Khosrowshahi, Hassan Khosrowshahi, James A Heindlmeyer, Richmond Hill Capital Partners, Richmond Hill Investments, Llc, Ryan P Taylor and Stephen M Cook.
View institutional ownership trends
.

How do I buy shares of Reservoir Media?

Shares of RSVR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:RSVR) was last updated on 4/24/2024 by MarketBeat.com Staff

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