Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) Price Target Cut to $41.00 by Analysts at Alliance Global Partners

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) had its price objective cut by Alliance Global Partners from $50.00 to $41.00 in a research note published on Wednesday morning, The Fly reports. They currently have a buy rating on the stock.

Several other research analysts have also recently weighed in on CSSE. Needham & Company LLC cut their price objective on Chicken Soup for the Soul Entertainment from $45.00 to $25.00 and set a buy rating on the stock in a research report on Tuesday, November 9th. lowered their target price on Chicken Soup for the Soul Entertainment from $52.00 to $38.00 and set a buy rating on the stock in a research note on Tuesday, November 9th. Zacks Investment Research upgraded Chicken Soup for the Soul Entertainment from a sell rating to a hold rating in a research note on Tuesday. Finally, 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 target price on the stock. One equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of Buy and an average price target of $42.56.

CSSE stock opened at $13.54 on Wednesday. The stock’s fifty day simple moving average is $14.53 and its two-hundred day simple moving average is $22.67. Chicken Soup for the Soul Entertainment has a 1-year low of $12.01 and a 1-year high of $47.72.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSE) last posted its quarterly earnings data on Sunday, November 7th. The company reported ($1.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.50) by ($0.54). Chicken Soup for the Soul Entertainment had a negative return on equity of 42.81% and a negative net margin of 41.35%. The business had revenue of $29.10 million during the quarter, compared to analysts’ expectations of $29.14 million. During the same period in the prior year, the firm posted ($0.63) EPS. As a group, research analysts predict that Chicken Soup for the Soul Entertainment will post -3 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA bought a new stake in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at $31,000. Royal Bank of Canada bought a new stake in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at $33,000. Ameritas Investment Partners Inc. bought a new stake in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at $37,000. Legal & General Group Plc bought a new stake in shares of Chicken Soup for the Soul Entertainment during the 2nd quarter valued at $41,000. Finally, Exchange Traded Concepts LLC raised its stake in shares of Chicken Soup for the Soul Entertainment by 6.3% during the 4th quarter. Exchange Traded Concepts LLC now owns 19,096 shares of the company’s stock valued at $264,000 after purchasing an additional 1,140 shares during the period. Institutional investors own 39.70% of the company’s stock.

About Chicken Soup for the Soul Entertainment

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.

Further Reading: Example of operating income, EBIT and EBITDA

The Fly logo

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

Receive News & Ratings for Chicken Soup for the Soul Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Chicken Soup for the Soul Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.