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 twelve months. 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 brokerages have issued twelve-month price objectives for Reservoir Media's stock. Their RSVR share price targets range from $13.00 to $13.00. On average, they anticipate the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 71.1% 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 start of the year. Since then, RSVR shares have increased by 6.6% and is now trading at $7.60. 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) released its quarterly earnings results on Wednesday, May, 31st. The company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. The firm earned $34.81 million during the quarter, compared to the consensus estimate of $33.93 million. Reservoir Media had a net margin of 0.13% and a trailing twelve-month return on equity of 1.37%. During the same period last year, the business earned $0.07 earnings per share.

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 (EPS) 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 retail and institutional investors. Top institutional investors 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 .

NASDAQ:RSVR

Reservoir Media (RSVR) Stock Price, News & Analysis

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$7.87

+0.27 (+3.55%)

(As of 10:43 AM ET)

Compare

Today's Range: $7.68
▼
$7.87
50-Day Range: $6.14
▼
$8.12
52-Week Range: $5.19
▼
$8.39

Volume: 15,358 shs
Average Volume: 53,847 shs
Market Capitalization: $510.13 million

P/E Ratio: 107.57
Dividend Yield: N/A
Price Target: $13.00

Get Reservoir Media alerts:

Reservoir Media MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 71.1% Upside
$13.00 Price Target
Short Interest: Bearish
3.90% of Float Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.35
Based on 2 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.

2.67 out of 5 stars

Consumer Discretionary Sector

152nd out of 264 stocks

Amusement & Recreation Services Industry

5th out of 13 stocks

3.5

Analyst's Opinion

Consensus Rating
Reservoir Media has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Reservoir Media has received no research coverage in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
3.90% of the float of Reservoir Media has been sold short.
Short Interest Ratio / Days to Cover
Reservoir Media has a short interest ratio ("days to cover") of 24.1, which indicates bearish sentiment.
Change versus previous month
Short interest in Reservoir Media has recently increased by 3.12%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
Reservoir Media does not currently pay a dividend.
Dividend Growth
Reservoir Media does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for RSVR.

1.9

News and Social Media Coverage

News Sentiment
Reservoir Media has a news sentiment score of 0.35. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Consumer Discretionary companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Reservoir Media this week, compared to 1 article on an average week.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Reservoir Media insiders have bought more of their company's stock than they have sold. Specifically, they have bought $892,329.00 in company stock and sold $0.00 in company stock.
Percentage Held by Insiders
26.27% of the stock of Reservoir Media is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
44.38% of the stock of Reservoir Media is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Earnings Growth
Earnings for Reservoir Media are expected to grow in the coming year, from ($0.02) to $0.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Reservoir Media is 107.57, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.75.
Price to Earnings Ratio vs. Sector
The P/E ratio of Reservoir Media is 107.57, which means that it is trading at a more expensive P/E ratio than the Consumer Discretionary sector average P/E ratio of about 13.78.
Price to Earnings Growth Ratio
Reservoir Media has a PEG Ratio of 10.76. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Reservoir Media has a P/B Ratio of 1.40. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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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

30 days | 90 days | 365 days | Advanced Chart

RSVR Stock News Headlines

April 11, 2024 | msn.com

Reservoir discharge to increase after recent rain

April 11, 2024 | msn.com

Reservoir holds water discharge after recent rain

April 18, 2024 | Paradigm Press (Ad)

AI “wealth window” is closing soon!

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March 16, 2024 | msn.com

In Mexico, a once glittering lake is being sucked dry by development, drought and lawlessness

March 15, 2024 | globenewswire.com

Reservoir Media, Inc. to Present at 36th Annual Roth Conference on March 19

March 13, 2024 | msn.com

Water levels at Beaver Run Reservoir return to normal

March 1, 2024 | yahoo.com

Long-planned reservoir above Sacramento Valley advances toward construction

February 22, 2024 | msn.com

Strasburg exploring options for secondary water source

April 18, 2024 | DTI (Ad)

Start loving Mondays like this

February 22, 2024 | msn.com

How Two California Reservoir Water Levels Changed After Atmospheric River

February 16, 2024 | finance.yahoo.com

EDR Apr 2024 22.000 put

February 8, 2024 | finance.yahoo.com

Reservoir Media, Inc. (NASDAQ:RSVR) Q3 2024 Earnings Call Transcript

February 7, 2024 | msn.com

California Reservoir Dam Release Update as Water Levels Stall

February 7, 2024 | markets.businessinsider.com

Reservoir Media is about to announce its earnings — here's what Wall Street expects

February 7, 2024 | msn.com

Reservoir Media reports mixed Q3 results; raises FY24 outlook

February 7, 2024 | finance.yahoo.com

Reservoir Media Inc (RSVR) Posts Strong Q3 Fiscal 2024 Results with Organic Revenue Growth of 14%

February 7, 2024 | finance.yahoo.com

Reservoir Media Announces Third Quarter Fiscal 2024 Results

February 6, 2024 | msn.com

California Reservoir Impressive Dam Release Amid 'Intense' Storm

February 4, 2024 | thestreet.com

Reservoir Media Inc..

January 30, 2024 | bbc.com

Ladybower Reservoir's overflowing 'plug holes' attract photographers

January 30, 2024 | msn.com

Water levels rising at Beaver Run Reservoir

January 25, 2024 | finance.yahoo.com

Reservoir Media to Release Third Quarter Fiscal Year 2024 Results on February 7, 2024

January 25, 2024 | finance.yahoo.com

One Reservoir Media Insider Raised Stake By 37% In Previous Year

January 24, 2024 | msn.com

How California Reservoir Water Levels Changed After Atmospheric Rivers

January 11, 2024 | msn.com

Recent rain benefitting Beaver Run Reservoir

December 9, 2023 | bbc.com

Ladybower Reservoir's low water levels reveal abandoned village

December 9, 2023 | bbc.com

Why does Ladybower Reservoir in Derbyshire have plug holes?

See More Headlines

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Company Calendar

Last Earnings: 5/31/2023
Today: 4/18/2024
Next Earnings (Estimated): 5/29/2024
Fiscal Year End: 3/31/2025

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Discretionary
Industry: Amusement & recreation services
Sub-Industry: N/A
Current Symbol: NASDAQ:RSVR
CUSIP: N/A
CIK: 1824403
Web: www.reservoir-media.com
Phone: 212-675-0541
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: +71.1%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: 111.00
Forward P/E Ratio: N/A
P/E Growth: 10.76
Net Income: $2.54 million
Net Margins: 0.13%
Pretax Margin: -0.10%
Return on Equity: 1.37%
Return on Assets: 0.62%

Debt

Debt-to-Equity Ratio: 0.97
Current Ratio: 1.26
Quick Ratio: 1.14

Sales & Book Value

Annual Sales: $140.52 million
Price / Sales: 3.51
Cash Flow: $0.48 per share
Price / Cash Flow: 15.94
Book Value: $5.43 per share
Price / Book: 1.40

Miscellaneous

Outstanding Shares: 64,822,000
Free Float: 47,793,000
Market Cap: $492.65 million
Optionable: Optionable
Beta: 1.07

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Key Executives

Ms. Golnar Khosrowshahi (Age 53)
Founder, CEO & Director
Comp: $626.07k
Mr. Rell Lafargue (Age 51)
President, COO & Director
Comp: $928.24k
Mr. Jim Heindlmeyer (Age 51)
Chief Financial Officer
Comp: $535.75k
Suzy Arrabito
Vice President of Marketing & Communications

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 twelve months. 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 brokerages have issued twelve-month price objectives for Reservoir Media's stock. Their RSVR share price targets range from $13.00 to $13.00. On average, they anticipate the company's stock price to reach $13.00 in the next year. This suggests a possible upside of 71.1% 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 start of the year. Since then, RSVR shares have increased by 6.6% and is now trading at $7.60.
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) released its quarterly earnings results on Wednesday, May, 31st. The company reported $0.06 earnings per share for the quarter, hitting analysts' consensus estimates of $0.06. The firm earned $34.81 million during the quarter, compared to the consensus estimate of $33.93 million. Reservoir Media had a net margin of 0.13% and a trailing twelve-month return on equity of 1.37%. During the same period last year, the business earned $0.07 earnings per share.

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 (EPS) 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 retail and institutional investors. Top institutional investors 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 4/18/2024 by MarketBeat.com Staff

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