Shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) have been given an average broker rating score of 1.00 (Strong Buy) from the four brokers that cover the stock, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus price target of $19.90 for the company and are expecting that the company will post $0.05 EPS for the current quarter, according to Zacks. Zacks has also given Chicken Soup for The Soul Entrtnmnt an industry rank of 204 out of 256 based on the ratings given to its competitors.

Several equities research analysts recently weighed in on the company. Northland Securities set a $15.00 target price on Chicken Soup for The Soul Entrtnmnt and gave the stock a “buy” rating in a research note on Friday, August 30th. Maxim Group restated a “buy” rating and set a $22.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Tuesday, July 30th.

In other news, major shareholder Mvm Funds Llc acquired 95,049 shares of Chicken Soup for The Soul Entrtnmnt stock in a transaction on Thursday, June 27th. The stock was bought at an average price of $8.88 per share, for a total transaction of $844,035.12. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 72.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Ladenburg Thalmann Financial Services Inc. increased its holdings in shares of Chicken Soup for The Soul Entrtnmnt by 14,661.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock valued at $120,000 after purchasing an additional 15,834 shares during the period. Morgan Stanley grew its holdings in Chicken Soup for The Soul Entrtnmnt by 58.5% during the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock worth $30,000 after acquiring an additional 1,481 shares during the period. Vanguard Group Inc. grew its holdings in Chicken Soup for The Soul Entrtnmnt by 3.8% during the second quarter. Vanguard Group Inc. now owns 191,014 shares of the company’s stock worth $1,433,000 after acquiring an additional 7,000 shares during the period. Pinnacle Associates Ltd. acquired a new position in Chicken Soup for The Soul Entrtnmnt during the second quarter worth $79,000. Finally, Steward Partners Investment Advisory LLC acquired a new position in Chicken Soup for The Soul Entrtnmnt during the second quarter worth $86,000. Institutional investors own 21.25% of the company’s stock.

Shares of CSSE traded up $0.29 during midday trading on Friday, hitting $9.79. The company had a trading volume of 227 shares, compared to its average volume of 15,373. The company’s 50-day simple moving average is $9.13 and its 200-day simple moving average is $8.68. The firm has a market capitalization of $39.21 million, a P/E ratio of -61.16 and a beta of 1.23. Chicken Soup for The Soul Entrtnmnt has a 1 year low of $6.75 and a 1 year high of $13.11.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.11) by ($0.09). The company had revenue of $12.21 million during the quarter, compared to analysts’ expectations of $9.96 million. Chicken Soup for The Soul Entrtnmnt had a negative net margin of 20.39% and a negative return on equity of 3.84%. On average, analysts anticipate that Chicken Soup for The Soul Entrtnmnt will post 0.04 EPS for the current year.

Chicken Soup for The Soul Entrtnmnt Company Profile

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

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