Cheer (NASDAQ:CHR) Releases Earnings Results

Cheer (NASDAQ:CHR) released its quarterly earnings results on Friday. The company reported ($4.72) EPS for the quarter, FiscalAI reports. The company had revenue of $38.92 million for the quarter.

Cheer Price Performance

CHR opened at $0.88 on Friday. Cheer has a 52-week low of $0.88 and a 52-week high of $104.50. The business’s fifty day moving average is $1.32 and its 200-day moving average is $7.68.

Institutional Investors Weigh In On Cheer

A hedge fund recently bought a new stake in Cheer stock. Jane Street Group LLC acquired a new position in shares of Cheer Holding, Inc. (NASDAQ:CHR) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 63,046 shares of the company’s stock, valued at approximately $81,000. Jane Street Group LLC owned approximately 1.34% of Cheer as of its most recent SEC filing. Hedge funds and other institutional investors own 18.54% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Cheer in a research note on Wednesday, January 21st. Wall Street Zen raised shares of Cheer to a “hold” rating in a report on Saturday, December 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has a consensus rating of “Sell”.

About Cheer

Cheer Holding, Inc, through its subsidiaries, provides advertisement and content production services in the People’s Republic of China. It operates through Cheers APP Internet Business and Traditional Media Businesses segments. The company also engages in mobile and online advertising, and media and entertainment businesses. In addition, it operates CHEERS app, an integrated e-commerce service with professionally produced content; CHEERS Video app, a media platform that engages users with content; and CHEERS e-Mall, an e-Mall app that offers products to the users through third party merchants through live streaming, online short videos, and online games.