Zacks: Brokerages Set $19.90 Target Price for Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE)

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Chicken Soup for The Soul Entrtnmnt Inc (NASDAQ:CSSE) has received an average broker rating score of 1.00 (Strong Buy) from the four brokers that provide coverage for the company, Zacks Investment Research reports. Four equities research analysts have rated the stock with a strong buy recommendation.

Brokers have set a 12 month consensus price target of $19.90 for the company and are anticipating that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Chicken Soup for The Soul Entrtnmnt an industry rank of 204 out of 255 based on the ratings given to its competitors.

A number of research firms have weighed in on CSSE. Northland Securities set a $15.00 target price on shares of Chicken Soup for The Soul Entrtnmnt and gave the stock a “buy” rating in a research note on Friday, August 30th. ValuEngine cut shares of Chicken Soup for The Soul Entrtnmnt from a “hold” rating to a “sell” rating in a research note on Thursday. Finally, Maxim Group reaffirmed a “buy” rating and set a $22.00 target price on shares of Chicken Soup for The Soul Entrtnmnt in a research note on Tuesday, July 30th.

In related news, major shareholder Mvm Funds Llc bought 35,288 shares of the firm’s stock in a transaction on Friday, August 2nd. The shares were purchased at an average price of $9.28 per share, with a total value of $327,472.64. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 71.36% of the company’s stock.

Several institutional investors have recently modified their holdings of CSSE. Morgan Stanley grew its stake in shares of Chicken Soup for The Soul Entrtnmnt by 58.5% in the second quarter. Morgan Stanley now owns 4,014 shares of the company’s stock worth $30,000 after purchasing an additional 1,481 shares during the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Chicken Soup for The Soul Entrtnmnt in the second quarter worth $79,000. Steward Partners Investment Advisory LLC bought a new stake in shares of Chicken Soup for The Soul Entrtnmnt in the second quarter worth $86,000. Falcon Point Capital LLC bought a new stake in shares of Chicken Soup for The Soul Entrtnmnt in the second quarter worth $89,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Chicken Soup for The Soul Entrtnmnt by 14,661.1% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 15,942 shares of the company’s stock worth $120,000 after purchasing an additional 15,834 shares during the last quarter. 18.90% of the stock is currently owned by institutional investors.

NASDAQ CSSE opened at $9.26 on Friday. The firm’s fifty day moving average price is $9.43 and its two-hundred day moving average price is $8.93. The stock has a market cap of $41.96 million, a PE ratio of -57.88 and a beta of 1.24. Chicken Soup for The Soul Entrtnmnt has a fifty-two week low of $6.75 and a fifty-two week high of $13.11.

Chicken Soup for The Soul Entrtnmnt (NASDAQ:CSSE) last posted its earnings results on Wednesday, August 14th. The company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.09). The company had revenue of $12.21 million for the quarter, compared to the consensus estimate of $9.96 million. Chicken Soup for The Soul Entrtnmnt had a negative return on equity of 3.84% and a negative net margin of 20.39%. As a group, analysts expect that Chicken Soup for The Soul Entrtnmnt will post 0.04 EPS for the current year.

About Chicken Soup for The Soul Entrtnmnt

Chicken Soup for the Soul Entertainment, Inc, a media company, produces, distributes, and licenses video content in the United States and internationally. It distributes and exhibits video-on-demand (VOD) content directly to consumers through digital platforms, such as smartphones, tablets, gaming consoles, and the Web through its owned and operated advertiser-supported VOD (AVOD) networks, including Popcornflix and Truli; distributes its and third-party owned content to end users in various digital platforms through its owned and operated subscription-based VOD (SVOD) network Pivotshare; and operates a series of direct-to consumer advertising supported channels.

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