Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSE) Receives $33.29 Average Price Target from Brokerages

Chicken Soup for the Soul Entertainment, Inc. (NASDAQ:CSSEGet Rating) has earned a consensus rating of “Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $25.57.

CSSE has been the topic of several research analyst reports. B. Riley cut shares of Chicken Soup for the Soul Entertainment from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $32.00 to $26.00 in a report on Friday. Canaccord Genuity Group decreased their target price on Chicken Soup for the Soul Entertainment from $38.00 to $14.00 and set a “buy” rating on the stock in a research note on Friday, April 1st. Alliance Global Partners dropped their price target on Chicken Soup for the Soul Entertainment from $31.00 to $23.00 and set a “buy” rating for the company in a research report on Thursday. They noted that the move was a valuation call. Needham & Company LLC decreased their price objective on shares of Chicken Soup for the Soul Entertainment from $25.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, January 21st. Finally, Craig Hallum dropped their target price on shares of Chicken Soup for the Soul Entertainment from $54.00 to $26.00 and set a “buy” rating for the company in a research report on Friday, April 1st.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Granahan Investment Management Inc. MA boosted its holdings in shares of Chicken Soup for the Soul Entertainment by 27.9% during the third quarter. Granahan Investment Management Inc. MA now owns 983,484 shares of the company’s stock worth $22,492,000 after purchasing an additional 214,729 shares during the period. Islet Management LP lifted its holdings in Chicken Soup for the Soul Entertainment by 40.5% in the 3rd quarter. Islet Management LP now owns 638,778 shares of the company’s stock worth $14,609,000 after buying an additional 184,233 shares during the period. Zevenbergen Capital Investments LLC grew its position in shares of Chicken Soup for the Soul Entertainment by 459.4% in the 3rd quarter. Zevenbergen Capital Investments LLC now owns 220,669 shares of the company’s stock worth $5,047,000 after buying an additional 181,219 shares during the last quarter. Royce & Associates LP increased its stake in shares of Chicken Soup for the Soul Entertainment by 17.6% during the fourth quarter. Royce & Associates LP now owns 530,863 shares of the company’s stock valued at $7,347,000 after buying an additional 79,285 shares during the period. Finally, Potomac Capital Management Inc. purchased a new position in shares of Chicken Soup for the Soul Entertainment during the fourth quarter valued at approximately $938,000. Institutional investors and hedge funds own 37.16% of the company’s stock.

CSSE stock traded up $0.27 during mid-day trading on Friday, reaching $5.48. 661,060 shares of the company traded hands, compared to its average volume of 270,050. The company has a fifty day moving average price of $8.79 and a 200-day moving average price of $11.77. Chicken Soup for the Soul Entertainment has a 52-week low of $4.35 and a 52-week high of $47.72. The company has a market capitalization of $84.23 million, a P/E ratio of -1.33 and a beta of 1.38.

Chicken Soup for the Soul Entertainment (NASDAQ:CSSEGet Rating) last released its quarterly earnings data on Thursday, March 31st. The company reported ($1.38) EPS for the quarter, missing analysts’ consensus estimates of ($0.51) by ($0.87). Chicken Soup for the Soul Entertainment had a negative net margin of 47.52% and a negative return on equity of 54.10%. The firm had revenue of $35.97 million during the quarter. During the same period in the prior year, the business earned ($0.54) EPS. Analysts expect that Chicken Soup for the Soul Entertainment will post -1.05 earnings per share for the current fiscal year.

About Chicken Soup for the Soul Entertainment (Get Rating)

Chicken Soup for the Soul Entertainment, Inc operates as a streaming video-on-demand (VOD) company in the United States and internationally. It owns and operates various ad-supported and subscription-based VOD networks, including Crackle, Chicken Soup for the Soul, Popcornflix, Popcornflix Kids, Truli, Pivotshare, Españolflix, and FrightPix.

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

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