Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) Downgraded by ValuEngine to “Hold”

ValuEngine lowered shares of Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) from a buy rating to a hold rating in a research report released on Tuesday, April 3rd.

Separately, Benchmark restated a buy rating and issued a $16.00 price target on shares of Chicken Soup for The Soul Entrtnmnt in a report on Monday, March 26th.

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Shares of CSSE stock opened at $6.76 on Tuesday. The firm has a market cap of $26.86 and a PE ratio of 8.24. Chicken Soup for The Soul Entrtnmnt has a one year low of $6.19 and a one year high of $13.26.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last posted its earnings results on Tuesday, March 27th. The company reported $0.83 earnings per share for the quarter. The company had revenue of $8.72 million for the quarter, compared to analysts’ expectations of $16.30 million. analysts anticipate that Chicken Soup for The Soul Entrtnmnt will post 0.7 earnings per share for the current fiscal year.

Chicken Soup for The Soul Entrtnmnt declared that its Board of Directors has initiated a share repurchase program on Tuesday, March 27th that permits the company to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 5.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

A hedge fund recently bought a new stake in Chicken Soup for The Soul Entrtnmnt stock. Weber Alan W bought a new position in shares of Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 61,600 shares of the company’s stock, valued at approximately $554,000. Weber Alan W owned about 1.75% of Chicken Soup for The Soul Entrtnmnt at the end of the most recent quarter. 15.35% of the stock is owned by institutional investors.

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About Chicken Soup for The Soul Entrtnmnt

Chicken Soup for the Soul Entertainment, Inc is a provider of entertaining video content. The Company develops and produces and entertaining, video content packaged for distribution through television, online and mobile channels, including: The Sip, Web series run on APlus.com, and A Plus videos. The Company’s video content projects include Chicken Soup for the Soul’s Hidden Heroes (Hidden Heroes), Chicken Soup for the Soul’s Project Dad, Paycation Homes, Hilton Grand Vacation Sips, Emily Griffith Technical College Sips, and American Humane.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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