Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Receives Consensus Recommendation of “Buy” from Brokerages

Shares of Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) have been assigned an average rating of “Buy” from the eleven analysts that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $44.33.

CSSE has been the subject of several analyst reports. Guggenheim initiated coverage on Chicken Soup for the Soul Entertainment in a research note on Friday, October 1st. They issued a “buy” rating and a $37.00 price objective for the company. B. Riley restated a “buy” rating and issued a $62.00 price objective on shares of Chicken Soup for the Soul Entertainment in a research note on Thursday, August 12th. Zacks Investment Research upgraded Chicken Soup for the Soul Entertainment from a “sell” rating to a “hold” rating in a research note on Tuesday, October 12th. Finally, Needham & Company LLC initiated coverage on Chicken Soup for the Soul Entertainment in a research note on Wednesday, July 21st. They issued a “buy” rating and a $45.00 price objective for the company.

A number of hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. bought a new position in shares of Chicken Soup for the Soul Entertainment during the 1st quarter valued at about $32,000. Calamos Advisors LLC bought a new position in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at about $1,203,000. Islet Management LP bought a new position in shares of Chicken Soup for the Soul Entertainment during the 1st quarter valued at about $12,260,000. EAM Global Investors LLC bought a new position in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at about $1,951,000. Finally, EAM Investors LLC boosted its holdings in shares of Chicken Soup for the Soul Entertainment by 61.6% during the 2nd quarter. EAM Investors LLC now owns 65,811 shares of the company’s stock valued at $2,725,000 after purchasing an additional 25,091 shares during the last quarter. Institutional investors and hedge funds own 31.87% of the company’s stock.

Shares of NASDAQ CSSE traded down $0.76 during midday trading on Tuesday, hitting $20.44. 94,079 shares of the stock traded hands, compared to its average volume of 96,235. The firm has a 50-day moving average of $22.88 and a two-hundred day moving average of $31.15. The firm has a market capitalization of $331.95 million, a P/E ratio of -6.21 and a beta of 1.56. Chicken Soup for the Soul Entertainment has a one year low of $12.81 and a one year high of $47.72.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last released its quarterly earnings results on Tuesday, August 10th. The company reported ($0.79) earnings per share for the quarter, missing the consensus estimate of ($0.56) by ($0.23). The firm had revenue of $22.14 million for the quarter, compared to the consensus estimate of $24.20 million. Chicken Soup for the Soul Entertainment had a negative net margin of 42.89% and a negative return on equity of 54.07%. On average, equities analysts anticipate that Chicken Soup for the Soul Entertainment will post -2.22 earnings per share for the current year.

Chicken Soup for the Soul Entertainment Company Profile

Chicken Soup for the Soul Entertainment, Inc is an emerging growth company, which engages in the production and distribution of video content. The firm distributes and exhibits video on-demand content directly to consumers across all digital platforms, such as smartphones, tablets, gaming consoles. It also provides distribution of movies and television series worldwide to consumers through license agreements across all media, including theatrical, home video, pay-per-view, free, cable and pay television, VOD and new digital media platforms worldwide.

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Analyst Recommendations for Chicken Soup for the Soul Entertainment (NASDAQ:CSSE)

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