Reservoir Media (NASDAQ:RSVR) Stock Price Down 2.4% – Time to Sell?

Reservoir Media, Inc. (NASDAQ:RSVR)’s share price dropped 2.4% on Monday . The stock traded as low as $7.44 and last traded at $7.44. Approximately 127,463 shares traded hands during trading, an increase of 104% from the average daily volume of 62,562 shares. The stock had previously closed at $7.62.

Wall Street Analysts Forecast Growth

RSVR has been the subject of a number of analyst reports. Zacks Research upgraded Reservoir Media from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings restated a “hold (c)” rating on shares of Reservoir Media in a report on Tuesday, November 25th. Finally, Wall Street Zen downgraded Reservoir Media from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Reservoir Media has an average rating of “Hold” and an average target price of $11.50.

Reservoir Media Stock Performance

The company has a debt-to-equity ratio of 1.13, a current ratio of 1.35 and a quick ratio of 1.35. The company has a market cap of $487.99 million, a price-to-earnings ratio of 53.14, a PEG ratio of 8.47 and a beta of 0.88. The firm has a 50 day simple moving average of $7.54 and a 200-day simple moving average of $7.63.

Reservoir Media (NASDAQ:RSVR) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.02). The business had revenue of $45.44 million during the quarter, compared to analyst estimates of $43.14 million. Reservoir Media had a net margin of 5.78% and a return on equity of 2.62%. Reservoir Media has set its FY 2026 guidance at EPS. As a group, analysts predict that Reservoir Media, Inc. will post 0.11 EPS for the current fiscal year.

Insider Buying and Selling at Reservoir Media

In other Reservoir Media news, Director Adam Rothstein sold 65,281 shares of Reservoir Media stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of $7.80, for a total transaction of $509,191.80. Following the completion of the sale, the director directly owned 77,546 shares in the company, valued at $604,858.80. This trade represents a 45.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 27.00% of the stock is currently owned by corporate insiders.

Institutional Trading of Reservoir Media

Several hedge funds have recently made changes to their positions in RSVR. Irenic Capital Management LP grew its holdings in shares of Reservoir Media by 3.2% in the third quarter. Irenic Capital Management LP now owns 5,669,671 shares of the company’s stock valued at $46,151,000 after purchasing an additional 177,361 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Reservoir Media by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,009,690 shares of the company’s stock valued at $8,218,000 after buying an additional 34,470 shares during the period. AWM Investment Company Inc. grew its stake in shares of Reservoir Media by 6.3% in the second quarter. AWM Investment Company Inc. now owns 847,558 shares of the company’s stock worth $6,501,000 after acquiring an additional 50,000 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Reservoir Media by 2.8% in the second quarter. Geode Capital Management LLC now owns 641,418 shares of the company’s stock worth $4,921,000 after acquiring an additional 17,384 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its position in shares of Reservoir Media by 11.0% during the third quarter. Russell Investments Group Ltd. now owns 480,859 shares of the company’s stock worth $3,914,000 after acquiring an additional 47,812 shares during the period. Institutional investors and hedge funds own 44.38% of the company’s stock.

Reservoir Media Company Profile

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.